sdr – what makes you think the bank will put new paint and carpet? And if there were no government credits, what makes you think it’ll sell for 615k. Heck, it may have sold for lower than 535k.
I guess we are both making assumptions. I’m not laying all the blame on flippers, so don’t get me wrong. There are many factors at work here. Flippers just aren’t helping. And since they had a hand during the bubble, they are doing it again.
