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re: Can banks lease REOs?

Posted on 12/22/11 at 1:36 pm to
Posted by blacykaty
Katy, Texas
Member since Nov 2009
480 posts
Posted on 12/22/11 at 1:36 pm to
12more is correct - no lender will lease a REO. They want to sell it and get it off of their books. It affects how much they are able to lend to others. Also, as previously stated, the liability is way to high.
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