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To: freedumb2003

What kind of business will this bank possible have, now, with all this bad PR?
Wow, what stupidity!
But banks are among the worst property managers on Earth, in almost all foreclosure cases.
Had a neighbor a few years ago get foreclosed. I came up with 3 different buyers, who offered what I thought was a fair price. The Bank would not accept a “short sale”.
The house just sold for considerably less than what was offered 3 years ago, by my friends.


9 posted on 07/30/2013 9:31:52 PM PDT by Kansas58
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To: Kansas58

You just don’t understand a short sale is against the banks interests , if they can get a foreclosure then they can stiff the people that really put up the money funding the mortgage AND they can collect on various insurance products they own where they have themselves listed as the beneficial owner.. The “banks” didn’t fund loans and therefore have NO incentive to act in what you see as a rational manner ... they were just middlemen for wall street and investors table funded cash.

Quite simply you need to stand over about 3 paces to the left to see this from the correct perspective, it all comes into focus then.


33 posted on 07/31/2013 4:18:10 AM PDT by Neidermeyer (I used to be disgusted , now I try to be amused.)
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