okay, that makes sense, if you’re going to liquidate for 20% off, as long as the place isn’t trashed, they can do that themselves.
On some they made out, on others they could have done it themselves, but overall for their fees, it sounds like they feel they came up short compared to a quick sales price themselves.
I could see the bank looking at it going, if we threw it up for $250K, it would have been gone and we would net more money.
That’s good. Because next time, maybe they’ll put it directly on the market for $265K and it won’t take too many of those to turn the tide of psychology in the market.
