Posted by Ari Kumpis on June 08, 2009 at 15:54:37:
In Reply to: Bank Rejected Short Sale Offers posted by Tony on June 08, 2009 at 14:29:09:
I hear this a lot now. I think banks are now wanting you to come in at close to 80% LTV. They sometimes don't even want an investor to purchase it. I'm not sure what factors play here. I also hear guru's say they can buy stuff at .50 on the dollar. I think this applies if you buy in bulk.