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Posted on 11/20/14 at 2:32 pm to CharlesLSU
Yea banks don't try to make money on the houses on the market because again any losses they show are offset by tax payers anyway. Truthfully though they may show a loss but in reality they are making money on them. Creative accounting.
Posted on 11/20/14 at 2:32 pm to CharlesLSU
quote:
Honestly, the asking price is already a steal as the comps are $600+.
it has to be if you're flipping it, good thing about these type of deals is that the bank is not emotionally invested, they just want it off their books
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