Won’t the banks lower the prices on the foreclosed homes until they are sold? They won’t want to rent them out,will they?
Can someone explain this? There was a Poway house on Twin Peaks Rd that went to auction last week, and the realtor told me, “It was purchased by Wells Fargo 9/22/06 and listed @$655000”. What does that mean? Wells Fargo is listed as the lender on one of the NODs.
