SDR – You’re the go-to guy here. This sold quick. Never seen a bank owned REO go that fast. They must have had offers in the works before it got listed in the MLS or something.
For some reason I thought REOs count as comps. It should b/c there will be many. It would set some trend. Can’t ignore the fact that the home isn’t holding value. W/banks being on the hook, seems now w/tightening of credit, full docs, down payment, they’ll want to make sure all i’s are dotted and t’s are crossed and appraised values hold up. No?
Couple more at this price, tempting that even I would consider actually buying there w/MR and HOAs and all.
