This is my first time posting, I have lurked for a while, gathering info and enjoying everyones posts. I recently came across a realtor's website while on craigslist, and she lists all the reo and forclosures in my area. I contacted her about two MF properties, wanting to know what they were currently renting and leasing for and what the status of the properties were here is the reply I got.
"One is a short sale (forget it) waste of my time and yours...I can explain short sales if you don't know about them. The second one has an offer in progress on it already. Banks won't take low ball offers on foreclosures anymore. The market
has changed drastically over the last 6 months. I guess I would have to discuss what you mean by low offers. They are now pricing them to sell and getting multiple offers on them."
Has anyone found this to be a true statement or even somewhat true? I am in Minneapols, I know there is at least one couple on here from there if not more. Would like to hear what you all have to say.
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