It was bound to happen

Just a quick entry about the market we have seen in the past couple of weeks on REO properties. We are seeing that the banks are not quick to accept lowball offers on their properties. Infact we are not seeing a dractic cut from the list price. Why, because they see more and more buyers coming into the market and loan applications increasing. All theis helps the banks think that they are more able to get top dollar for their property, that remains to be seen. More tomorrow on best and final offer what that is and what it means to the buyer.