Of course they are. They are keep supply low, so they can keep the demand and prices high. My agent told me they're still trying to sell homes from the 08 crash, but the banks won't release them all at once.... more
You would probably need to find out the current value and then back out the inflation for the last 4 years. Also, you could find an agent to look up what a similiar property sold for in your neighborhood back then.
THE real reason why you can't get them to work with you is because it's all a joke really. I have tried to do this for months an it's said to say the Banks CEO should check there inventory. Then ask the Ass manager why in Gods name are they holding on to these homes that has been vacant for years . when some poor person who are in need of a home let them buy the home. If the market is so good why hold on to these home sale them. I am so sick of hearing about low ball offers when they refuse our offer this is what they do The REO department is a joke they all pass these home along to there friends who are investers an then put a price on these homes thats to high. No one end up with the homes they just sets empty for months or years It's time we all get educated when a home set empty for a long time there is damages that gose unnoticed for years because no one is there to repair them but who gets stuck with the home problem is the poor person who buy the home do they really fix all the damages?... more