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Old 05-11-2007, 06:42 AM   #5 (permalink)
glenng
 
Status: Real Estate Forum Member
Join Date: Jun 2005
Posts: 46
Default Re: Bank REO/Short Sale or Foreclosures

Quote:
Originally Posted by Las Vegas Homes View Post
Yes, the banks here in the Las Vegas real estate market are tough to work with as well in regards to short sales. I have dealt with many foreclosure since the beginning of 2007, where the bank has actually taken over the property, and they have been much easier
You will find that banks know that the cost of foreclosures usually run between 20% to 30%. They want to cut their losses.
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Glenn
Serving the Naples Florida real estate market. Specializing in Pelican Bay and Pelican Marsh.
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