Could the bank made a little more money….maybe? I think it is most important for them to move these properties off their books right away and if a bulk investor group can do it than great. Those investors are still taking on risk and I’m not so sure they always have this attractive of an outcome.
Banks get screwed some of the time when they list hwith realtors anyway, because some just get sold to those realtors friends at a low bid. Others are priced to high at first and have to chase back down for a few months thus having the carrying costs. Did I mention the time it takes some banks to even get the home listed…its not an efficient system for most banks.
Are the investors purchasing a bulk of properties are are spread out, or newer homes that are all in one development? How many do you have to purchase at a time to be considered bulk investor?
