R Banks slowing short sales to auction REO's?

Posted on: Fri, 03/13/2009 - 06:21

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R Banks slowing short sales to auction REO's?

Hi,
I bought Dean's book and have been working 2 weeks on a foundation to make a go at the "Real Thing". I am awaitng the Corporation Commission to process my LLC and putting other business arrangements in place. I wondered if anyone else believes deed holders are putting off short sales to create demand on auction properties,REO's? It seems while some poeple look at short sales, there can be crowds scheduled to bid on auction to compete on raising the price. Any comments?
Dave

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Posted on: Fri, 03/13/2009 - 10:06 #1

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I Have noticed less short

I Have noticed less short sales on MLS than there used to be. I also do not go to auctions on houses and try MLS or other avenues because I notice that more bidders drive up the price higher sometimes than I think the house is worth. I think the banks may have caught onto this and that maybe why this is happening.

Gotta keep looking a little harder and find that deal.

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