Ok....Now I dislike Bank of America too
My realtor calls me today on 3 bd. 2 ba. brick repo in my home town for 30k. Market rent would be around 800.00. I was excited and dropped what I was doing to go look at the property, and it was great deal for my area. I make a full offer for the listing price and we get an email back stating the property was no longer available. Here is the good part....Bank of America donated it Habitat for Humanity. First let me say I have no problem with Habitat. My main business is construction and I have donated the sitework on all the builds in our town. What I like about Habitat is the owner has to WORK and make affordable payments = GREAT PROGRAM. How do we compete with a Government Owned Bank that is now giving away houses? Has anyone else heard of this? Why would they do that instead of selling and taking loss?