I think you were making my point, somewhat, of how banks don’t want to budge. I mean, you say the Wateridge condo had more than one offer @ 380k. Then what’s the hold up and delay? Are they waiting/hoping for better offers against the odds of even the optimists who say it will pick up at the end of the year.
I mean, it’s been 5 months and they already had 2 offers? It could’ve been sold and done with already w/one less place on the market inundating their inventory, making it easier perhaps to move some other foreclosure this bank has.
Maybe I’m dense, but I just don’t understand their logic. It sat empty and the way I look at it, they lost more money. They could’ve sold it and used the money from the sale towards whatever they use the money on. If the news was “In the next few months, there’s going to be a big boom in real estate,” then by all means, hang on.
