SD Realtor refresh my memory here again, if the bank repo’s, does it show up as a regular sale when they get rid of it or will it get discounted out of comparables because if was a foreclosure?
I think Perry hit the nail, they may know if they go foreclosure, they’ll get 50-60 of what they are asking now. However, if they sell it now for 80% of thier asking, half the homes in the neighborhood are DOA for loans.