Are the Banks going to release some more REOs?
Many agents in Las Vegas Nevada are waiting for the Banks to dump another truck load of REOs. Most of the inventory has been bought up by first time home buyers and Investors.
My question would be, have the banks figured a way to get the best price for homes by not allowing a huge flood of homes and letting people bid with the highest price getting the home?
Word has it huge Investors are still rolling into Las Vegas purchasing what ever is a good price to them.
The Banks are sitting on thousands of homes that have gone into foreclose and I wish they would release them so my clients can have a place to live.
Come "Big Banks of America" we are living in some bad times, please give the country a break and scratch (Greed) from your vocabulary for once!
Robert Swetz
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