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Home › Forums › Housing › Are banks selling REO properties directly? › For sure it is a speculative

November 4, 2007 at 5:45 PM #95494
SD Realtor
Participant

For sure it is a speculative statement to say the banks are holding properties. In “some” cases it does seem they are pricing a bit more aggressive but those are few and far between. I am not so sure that they are holding properties back though.

Anyone can go to the Countrywide website to view the properties that they own. All of them on the website have realtors as contacts to find out more.

http://www.countrywide.com/purchase/f_reo.asp

Could they have another cache of thousands more that they are sitting on and pawn off and dribble out a few hundred to REDC every 3 months? Perhaps.

SD Realtor