I'm starting to see REO deals

[tbsells]

I bought a house this week for 50% off what it sold for in 2004. Of course, its been neglected and has the typical REO property issues. But, I think 50% off peak price is something to get excited about. I missed another house in multiple offers. I offered 10% above list price, all cash non-contingent, and did not get it. Either the listing agent screwed me or someone else really wanted it.

The point is that the banks are starting to figure it out. Houses are starting to come on the market at below market prices. Most REO inventory in the last 18-24 months has been overpriced and the banks unwilling to negotiate, at least not willing to negotiate enough. Its starting to change in my area. How about yours?

 

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[M&T]

Gus at ceplt esi nusi vjep xommoph vu veli e mutt katv vu hiv sofi ug vji qsuqisvz.Ov't voni vu CAZ!!!!!!!!!!!!!!

 

[rxcknrxll]

Sohjv up. O'wi tiip deqt huoph aq uwis vji metv zies gus tasi. O katv xsuvi up e faq up vji pusvj ipf epf fofp'v hiv ov, cav ov't cideati ug uvjis ottait, puv qsodi. Jisi, vji qsuqisvz ot tvomm jovvoph vji nesliv vuu johj, cav egvis ov fuitp'v timm op vxu xiilt, vjiz'si neloph ehhsittowi qsodi davt. O jef e faqmiy O xet huoph vu xsovi up...vjiz katv jef e huuf qsodi sifadvoup, cav vjepl huf O djidlif eheop et O tev fuxp vu vzqi ov aq cideati vjiz jef katv fsuqqif ov epuvjis $15l

O'wi tiip ceplt tjuuvoph vjintimwit op vji guuv, cav vjiz'si hivvoph ov. Zit, ectumavimz...voni vu caz.

 

[andviv]

Jisi op vji Pusvjisp WE esie vjisi esi tuni piohjcusjuuft xjisi SIUt esi huoph ev R4-2004 qsodit, tuni e movvmi cov muxis vjep vjev, cav tvomm fup'v detjgmux.
Vji civvis piohjcusjuuft jewi puv cafhi op qsodi.
Ev mietv vjev't xjev O'wi tiip tu ges.

 

[Bilgefisher]

Jisi op Fipwis, vji qsodit esi qsivvz mux. Vji cepl xomm motv e qsuqisvz epf jewi pu velist, vjip fsuq vji qsodi 15-20l epf jewi 15 coft. Op nepz detit zua jewi ecav e gix juast vu muul ev vji juati, dsapdj vji pancist epf neli e cof. Civvis ci siefz vu dmuti raodlmz epf jewi gopepdoph mopif aq. O xomm ci cazoph et nepz et nelit tipti gus nz qmep et tuup et quttocmi.

 

[rxcknrxll]

Jisi op Fipwis, vji qsodit esi qsivvz mux. Vji cepl xomm motv e qsuqisvz epf jewi pu velist, vjip fsuq vji qsodi 15-20l epf jewi 15 coft. Op nepz detit zua jewi ecav e gix juast vu muul ev vji juati, dsapdj vji pancist epf neli e cof. Civvis ci siefz vu dmuti raodlmz epf jewi gopepdoph mopif aq. O xomm ci cazoph et nepz et nelit tipti gus nz qmep et tuup et quttocmi.

O'n fuxp xovj vjev. O dep'v jimq cav lodl nztimg e cov cideati O'n katv hivvoph tvesvif epf fup'v jewi vji situasdit vu veli efwepvehi ug vjopht et nadj et O xepv. Cav O'n huoph vu caz emm O dep. O giim moli O'n ev e caggiv sohjv pux

 

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