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Nice Try

at garnering some free air time.

Part of the problem in real estate was caused by banks and lenders making silly loans which turned into toxic assets. That process was fueled by appraisers who based values in part on the contract sales price and did not have the vision to see the pending doom in real estate as they continued with their appraisal process.

The future is facing an oversized inventory of foreclosed properties which lenders had not put on the market; yet they will now have to do so to comply with banking regulations.

This will offer some unique opportunities for buyers with liquidity or borrowing capacity.

Nice try though.


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