Would a bank swap properties?

by Jason Sandquist on July 2, 2009 · 0 comments

in REO/Bank Owned Homes

Umm, I highly highly doubt it.  I saw this question asked over at Trulia Voices today and thought I would give my 2 cents.swapbankownedhome

Never mind the lower part of the question because I have no idea what he is getting at. Basically I had nothing better to talk about so I found this Q somewhere else ;-)

Lets take a look at the question, would a bank swap property? Last time I checked they had tons of inventory that they are trying to get rid off and more waiting in the wings because defaults aren’t slowing down anytime soon.

It’s definitely not as easy as it seems for a bank to own property nor are they in the business to hold onto property. They want to get rid of it. Doesn’t hurt to try but good luck figuring out who to contact at the lender :-)

That’s it for now

Jason Sandqu…

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