Of course I've seen properties marked "reduced" or "must sell!", which is not new. What has surprised me is that I've now seen "foreclosure imminent!"
From reading this site, I had gleaned that decent agents would never advertize their clients' godawful financial situation. In fact, I believe that a realtor who regularly posts on this site, and who seems to really have his act together, earlier opined that no agent worth his or her salt would reveal that kind of information.
So, what gives? Bad agent? Truly desperate seller? New Jedi mind trick?
I doubt they’re disclosing the foreclosures because they want to. They’re doing it because they need to move that property as soon as possible before the losses rack up farther.
I have to guess that for all the listings that mention the “F” word there are still others that are in the same boat but are not being marketed that way. That leads me to wonder how many of them there really are.
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