NO really I’m kidding but think about if you read right now the prices the lenders are purchasing homes back the discount is 45% to 35% from the original late 2005 – 2006 selling price.
I’ll give http://www.usa-foreclosure.com as example but this just a listing for a few trustee companies. There are many more companies showing the reverted back to lender bid amounts.
This kind of price cuts is going to bite the lenders on the other side of their ass–ets.
