Jim TV Rawhide

[ArmedMichigander]

@diqster: I think they don't try too hard to sell them because they are carrying them on their books as if they're worth the full loan amount. If they actually sell them, they have to immediately mark their book the to market. That would ruin their balance sheet and push them into FDIC receivership. That's my speculation.

[diqster]

Why would the banks price high and try to hold out for more? It doesn't make sense from a cash flow perspective both for maintenance and their own capital reserves. Aggressive municipalities have started to fine banks that let their foreclosed properties fall into disrepair. That's not the case here, but it is in other place. I think the best move is to price 'em low and move 'em.