[slodave]

Originally Posted by Rick V

They sell them for dirt cheap prices. You can buy my house foreclosed for less than a quarter of what I am asking and I am still asking less than tax value.

Vas, banks are stuck with these properties and at some point, it becomes easier for them to cut the value of the property and make some money, any money. At some point the property will cost more to maintain, than it is worth. Dump it at a low price and be done with it.