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Do you notice that the lenders on Foreclosed properties are not negotiating?

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The lenders in the San Fernando Valley who have foreclosed properties don't seem to make any concessions. If I have a qualified buyer and there is only a 2% difference in price they turn it down. I believe there is too much red tape to get through. When more than one person has to make a decision it's easier to go with the status quo. The lenders were bailed out .Where is that money going? It doesn't seem to be benefiting the buyers. They are going by comps. But, the foreclosed properties don't look like the comps they are being compared to. What's going on? The prices are certainly going to go down in my area where the higher price homes do not qualify for the conventional mortgage only jumbo which is 7-8% now.
Shelley read my blog www. brokergals.com

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December 17 2008 - Tarzana

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Kevin Green, "kevingreen"
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Kevin Green, "kevingreen"

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It varies based on my experience. Some are reasonable with deals, some aren't. I do think however, that the majority are just overwhelmed with the mortgage/foreclosure situation and may not be able to allocate the proper time to them as they should.

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December 17 2008

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Do you notice that the lenders on Foreclosed properties are not negotiating?

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Question The new update won't allow me sort at the title bar - Address, Price Sold On Bd Ba Size (sqft) Lot (

Question NEED ADVICE AND SUGGESTIONS.. BUYING IN CALIFORNIA

Question Do you notice that the lenders on Foreclosed properties are not negotiating?

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Do you notice that the lenders on Foreclosed properties are not negotiating?

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Question The new update won't allow me sort at the title bar - Address, Price Sold On Bd Ba Size (sqft) Lot (

Question NEED ADVICE AND SUGGESTIONS.. BUYING IN CALIFORNIA

Question Do you notice that the lenders on Foreclosed properties are not negotiating?

Related Articles about Home Buying

Guide Real Estate Buyer's Closing Costs

Guide List of Closing Costs and Fees

Guide About First-Time Home Buyer Tax Credit

Guide You've Opened Escrow

Guide Picking the Best Comps

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