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A Wave of Zoning Law Changes Could Have Huge Impacts for Investors and Housing—Here’s What You Need to Know
The U.S. is facing a housing deficit of about 3.2 million units, and the situation is especially dire in urban areas like New York. It’s one of the reasons prospective homebuyers are finding […]
Do You Think It’s a Tough Time to Invest? It’s Not When You Can Get Deals Like This
Are you sitting on the sidelines in this market? Many investors are. There’s a lot of fear and caution. But we’re not. And you don’t need to be, either.  Of […]
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Foreclosures
HomeForumsForeclosuresAre banks all just waiting??
Ingrid Nagy's profile image
Ingrid Nagy's profile image
Ingrid Nagy
  • Property Manager
  • from Passaic, New Jersey
  • Member since Jun 9, 2008
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Ingrid Nagy's profile image
Ingrid Nagy's profile image
Ingrid Nagy
  • Property Manager
  • from Passaic, New Jersey
  • Member since Jun 9, 2008
Connect
Ingrid Nagy
  • Property Manager
  • Passaic, NJ
81
Votes |
369
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Foreclosures

Are banks all just waiting??

Ingrid Nagy
  • Property Manager
  • Passaic, NJ
Posted Sep 28 2008, 04:48

I'm waiting on an answer on an REO offer for 6 days now. Supposedly I'll know tomorrow. I'm just wondering if these banks are all just waiting to see what Congress is planning or if things are business as usual on existing inventory? Seems like everything has just stopped dead - even the realtors aren't calling this past week.

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