You would think, Maryann, that the banks would be trying to cut their losses, and unload these assets as quickly as possible instead of carrying them. However, the houses are considered "assets, and once they are sold, the bank is taking a loss. As convoluted as that sounds, the bank's bottom line is better when it has the assets. I've seen them deny an offer less than 5% under the asking price, which is completely ridiculous. The average Seller will negotiate more than the banks will, which is unfortunate when you look at the number of bank owned properties available. Factor in that bank-owned property is as-is, with no property disclosures, the majority of bank-owned property is risky, overpriced and just not as good of a deal as it could/should be. If I can help, feel free to drop me a note, and have a great day!