Foreclosures
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 7 years ago on . Most recent reply
The bank REO department is full of clowns.
For years I've been trying to figure out the pricing strategy of banks. Will they reduce the price 5% per week? 10% per month? Will they counter with a 3% reduction? What is their strategy? Surely large, sophisticated banks use some sort of calculation to get their inventory sold.
Today I got a counter-offer from a bank of $123405. I give up.
Most Popular Reply

I work at a bank
can confirm, only clowns work here