REDC has high minimums and comes with its own shills. The only reason these auctions aren’t working is because the reserve prices are too high, and the commissions add to the cost. The cost of auctioning the properties has to come from the sellers, not the buyers.
I don’t like salespeople (those on this site, not included). 😉
People could still make bulk purchases via the auction site — bid on as many properties as you want, they **might** consider offering 5% off if one buys 30 or more properties or something — but we need to eliminate the opaque nature and “special relationships” created between the bad players. It needs to be open, honest, and efficient.
Imagine being able to find a property on a listing site, arranging an inspection (the govt can have certain days and times — these costs would be covered by a portion of the proceeds from the auction), and making a bid. Whenever someone bids against you, their bid price, identification and bid/purchase history can be looked up.
All sales would be final, and if anyone tried to play games, they would be banned from all future auctions.
More efficient to sell in bulk and lose $100k per property? It would seem to me that it would be FAR more efficient for the banks to HIRE enough people to handle the backlog. With losses like those quoted if they hired one person per property they would come out ahead. As a bonus just think how much better the unemployment numbers would look!
More efficient to sell in bulk and lose $100k per property? It would seem to me that it would be FAR more efficient for the banks to HIRE enough people to handle the backlog. With losses like those quoted if they hired one person per property they would come out ahead. As a bonus just think how much better the unemployment numbers would look!
More efficient to sell in bulk and lose $100k per property? It would seem to me that it would be FAR more efficient for the banks to HIRE enough people to handle the backlog. With losses like those quoted if they hired one person per property they would come out ahead. As a bonus just think how much better the unemployment numbers would look!
More efficient to sell in bulk and lose $100k per property? It would seem to me that it would be FAR more efficient for the banks to HIRE enough people to handle the backlog. With losses like those quoted if they hired one person per property they would come out ahead. As a bonus just think how much better the unemployment numbers would look!
More efficient to sell in bulk and lose $100k per property? It would seem to me that it would be FAR more efficient for the banks to HIRE enough people to handle the backlog. With losses like those quoted if they hired one person per property they would come out ahead. As a bonus just think how much better the unemployment numbers would look!
I agree it would be better for the banks to handle the backlog – and as an added bonus, provide employment in our economy. But if you consider the cost to sell each individual property, selling them bulk makes sense. Less of a hassle for them.
Frankly, individually would help our economy all the way around, provide employment for realtors, too (please no tomato tosses 😉
I agree it would be better for the banks to handle the backlog – and as an added bonus, provide employment in our economy. But if you consider the cost to sell each individual property, selling them bulk makes sense. Less of a hassle for them.
Frankly, individually would help our economy all the way around, provide employment for realtors, too (please no tomato tosses 😉
I agree it would be better for the banks to handle the backlog – and as an added bonus, provide employment in our economy. But if you consider the cost to sell each individual property, selling them bulk makes sense. Less of a hassle for them.
Frankly, individually would help our economy all the way around, provide employment for realtors, too (please no tomato tosses 😉
I agree it would be better for the banks to handle the backlog – and as an added bonus, provide employment in our economy. But if you consider the cost to sell each individual property, selling them bulk makes sense. Less of a hassle for them.
Frankly, individually would help our economy all the way around, provide employment for realtors, too (please no tomato tosses 😉
