I talked to a friend today who's putting a stink bid in on a foreclosed home in Fallbrook, a remote part of San Diego County.
Current bank loan: $505,000. Days on market: 100. Bid: $340,000. Down payment: $0.
Yes, zero-down was what got the banks into this mess. But I wouldn't be surprised if they hit the bid just to turn an REO into a performing (at least for now) loan.
Subscribe to:
Post Comments (Atom)
-
UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a... -
Body Count goes to Vegas! Ernest Scherer III was a Vegas loser who fancied himself a professional poker player. Doesn't that photo tell ...
No comments:
Post a Comment