Tony Hunthausen of http://www.sellinghuntingtonbeach.com/ takes a look at recent statistics released by the Zillow and Realty Track and gives some advice on the coming year with the current real estate market and the foreclosure market.
I'm not very knowledgable about realty or economics but wouldn't a bank be more hesitant to sell bank owned property in states with non-recourse loans. If they hold it, don't they value it on the books at previous prices and not what it would sell for now. In other states, aren't they able to go after the borrower for the difference after sale, thus nothing to loose in dumping?
I'm not very knowledgable about realty or economics but wouldn't a bank be more hesitant to sell bank owned property in states with non-recourse loans. If they hold it, don't they value it on the books at previous prices and not what it would sell for now. In other states, aren't they able to go after the borrower for the difference after sale, thus nothing to loose in dumping?
faylow105 2 years ago