Experience w/ specific banks

[Melissa G.]

I'm wondering if any forum mates have had experience doing business with Wells Fargo/PAS and BB&T.

I have been trying to purchase a particular house from PAS for some time now and it seems to me that they're not really interesting in selling their REOs. I thought banks were supposed to want to unload these homes? My most recent offer was 641K and their ask price is 720K. They countered with 715K :roll: The house was foreclosed on in November '07 and went on the market in April. The market in this neighborhood has tanked over the past year and current retail home prices are around 720K. Where's the foreclosure deal? And we're not talking about a house that is in move-in condition. The story is about with BB&T.

You'd think the fact that there are 32 comparable homes for sale in the same neighborhood would clue them in on the market and they would be more reasonable. How do they expect to sell their homes in this kind of market?