Quote:
Originally Posted by FenderGuy
Eric
I should have stated $2m to $5m range, yes there is frustration out there for the first time home buyer, I’m done a couple of multiple offers myself for my clients only to find out the property sold anywhere from $10k to $20k over asking price, buyers market or bankers market? Its going to get more interesting when the 3rd wave of foreclosures comes from the prime market that is now turning into a sub-prime market.
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Yeah, I hear ya! There are still plenty of investors out there buying bulk REO @ about $.65 on the dollar. A lot of them deal with the banks and asset managers directly though. Even tying to represent the banks REO holdings as an agent is a tough nut to crack now.