The banks do not have a choice.

[kewp]

It would be kind of funny if it wasn’t so sad.

This is what really kills me about the current monetary policy of the Fed. The banks are crying that they need cheap money to provide liquidity and stay solvent. When they are sitting on literally billions of dollars of hard assets (real estate).

However there is a catch-22 that once they start liquidating stuff, it will set comps and lower the net worth of whats left.

So we all end up paying for this via inflation. And the banks are going to get slammed anyways, as they are going to need to move the inventory at some point. They can’t hold it forever.

Or maybe they can. I guess time will tell.

[34f3f3f]

I spoke with an appraiser the other day who is reviewing loans for IndyMac Bank. When I asked him if they were holding onto inventory, he said they simply can’t afford to do that.

[34f3f3f]

I spoke with an appraiser the other day who is reviewing loans for IndyMac Bank. When I asked him if they were holding onto inventory, he said they simply can’t afford to do that.

[34f3f3f]

I spoke with an appraiser the other day who is reviewing loans for IndyMac Bank. When I asked him if they were holding onto inventory, he said they simply can’t afford to do that.

[34f3f3f]

I spoke with an appraiser the other day who is reviewing loans for IndyMac Bank. When I asked him if they were holding onto inventory, he said they simply can’t afford to do that.

[34f3f3f]

I spoke with an appraiser the other day who is reviewing loans for IndyMac Bank. When I asked him if they were holding onto inventory, he said they simply can’t afford to do that.

[SD Realtor]

“Anybody have facts or info to substantiate that statement?”

Facts?

Stever this is a blog and you are asking for facts?

heheheheh….

As you can see there have been no satisfactory answers. I would not put any stock in correlating banks holding properties to stats put out by Realtytrac as well.

What I do see is banks being more favorable to offers on REOs and short sales. Alternately I do see that those pipes are still indeed full, so to speak. They flow a bit more efficiently now but there is plenty of supply so they have a big pool to drain out.

I am of the camp that in some areas indeed the banks may not be marketing all of the properties they have for sale but I am less and less of the opinion that they have pool of billions of dollars in stashed inventory.

SD Realtor

[SD Realtor]

“Anybody have facts or info to substantiate that statement?”

Facts?

Stever this is a blog and you are asking for facts?

heheheheh….

As you can see there have been no satisfactory answers. I would not put any stock in correlating banks holding properties to stats put out by Realtytrac as well.

What I do see is banks being more favorable to offers on REOs and short sales. Alternately I do see that those pipes are still indeed full, so to speak. They flow a bit more efficiently now but there is plenty of supply so they have a big pool to drain out.

I am of the camp that in some areas indeed the banks may not be marketing all of the properties they have for sale but I am less and less of the opinion that they have pool of billions of dollars in stashed inventory.

SD Realtor

[SD Realtor]

“Anybody have facts or info to substantiate that statement?”

Facts?

Stever this is a blog and you are asking for facts?

heheheheh….

As you can see there have been no satisfactory answers. I would not put any stock in correlating banks holding properties to stats put out by Realtytrac as well.

What I do see is banks being more favorable to offers on REOs and short sales. Alternately I do see that those pipes are still indeed full, so to speak. They flow a bit more efficiently now but there is plenty of supply so they have a big pool to drain out.

I am of the camp that in some areas indeed the banks may not be marketing all of the properties they have for sale but I am less and less of the opinion that they have pool of billions of dollars in stashed inventory.

SD Realtor

[SD Realtor]

“Anybody have facts or info to substantiate that statement?”

Facts?

Stever this is a blog and you are asking for facts?

heheheheh….

As you can see there have been no satisfactory answers. I would not put any stock in correlating banks holding properties to stats put out by Realtytrac as well.

What I do see is banks being more favorable to offers on REOs and short sales. Alternately I do see that those pipes are still indeed full, so to speak. They flow a bit more efficiently now but there is plenty of supply so they have a big pool to drain out.

I am of the camp that in some areas indeed the banks may not be marketing all of the properties they have for sale but I am less and less of the opinion that they have pool of billions of dollars in stashed inventory.

SD Realtor

[SD Realtor]

“Anybody have facts or info to substantiate that statement?”

Facts?

Stever this is a blog and you are asking for facts?

heheheheh….

As you can see there have been no satisfactory answers. I would not put any stock in correlating banks holding properties to stats put out by Realtytrac as well.

What I do see is banks being more favorable to offers on REOs and short sales. Alternately I do see that those pipes are still indeed full, so to speak. They flow a bit more efficiently now but there is plenty of supply so they have a big pool to drain out.

I am of the camp that in some areas indeed the banks may not be marketing all of the properties they have for sale but I am less and less of the opinion that they have pool of billions of dollars in stashed inventory.

SD Realtor

[svelte]

Since this was posted, I’ve been looking for facts to prove or disprove the ‘holding back’ theory. I haven’t found anything, but will keep looking. Maybe it’s an urban legend. Shrug.

[svelte]

Since this was posted, I’ve been looking for facts to prove or disprove the ‘holding back’ theory. I haven’t found anything, but will keep looking. Maybe it’s an urban legend. Shrug.

[svelte]

Since this was posted, I’ve been looking for facts to prove or disprove the ‘holding back’ theory. I haven’t found anything, but will keep looking. Maybe it’s an urban legend. Shrug.

[svelte]

Since this was posted, I’ve been looking for facts to prove or disprove the ‘holding back’ theory. I haven’t found anything, but will keep looking. Maybe it’s an urban legend. Shrug.

[Author]

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