Oldest sales tactic ever. Pay no attention to banks raising their asking prices for foreclosed properties by an average of the same amount.
If our benevolent overseers want to hand our tax dollars to the banks, why the charade? Why don’t they just cut a check for $7000 to the bank for every home on which it has foreclosed?
I’m no expert, but if I were buying a foreclosed property, I’d wait till the last day of escrow and then demand a cashier’s check for $7000 from the bank. Make that cash. Euros.
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