That activity is driving my sister-in-law nuts. They are relocating and attempting to sell in this atmosphere. She gets a dozen calls a week with offers to pay cash if she will would simply sell for nothing.
I’ll buy her house for a case of spam, a brick of .22’s. ;-)
The banks are padding themselves to brace for the next round of forclosures and making very few home loans .
A lot of forclosure sales are only taking cash offers.