OK take a look at the house below. I did a BPO on it. Here are the problems. The house is great. But it is full of trash. Will the bank clean it out? In this case yes a little. Will the bank bring in some one to make sure things work? Probably not. The fight over this home is the listing price. It may be listed as low as 125,000. A really great deal for some one other than the lender.
This brings me to the point of the post. If lenders will spend a little time and clean up properties as well as work with us in the business we can get them more for their homes. Every body should be happy right?
But lenders are dumping, which is good for a buyer WHO CAN LOOK PAST THIS. But the buyer who buys this homes probably will not have a lot of extra money to do repairs. See the problem. So the home may be bought but needed repairs will not be made and this will again go into foreclosure.
Lenders need to work on clean up . I in turn will continue to try and get my buyers to see past the mess
