Re Market: The Sky Is Falling?

[Pamela Crowley (Florida)]

Originally posted by Bobby Bucks@Sep 15 2004, 01:24 PM
For the last year I've been using a "Carlton Sheets" adjustment for most REO assignments. It's not in the grid, but it's sure as hell part of the final reconciliation. Those Sheetzers fresh out of boot camp are convinced that if a property is a foreclosure, it must be 50% off.....a sale like that flashing blue light for K Mart shoppers....I've seen many cookie cutters sell for more than competing listings in average to above average conditon. It's best to not get between them and their "bargain".

:rainfro: :rainfro: :rainfro:

Noticed the same idiots here!

 

[Dee Dee]

Some real teeth in our bankruptcy laws would certainly go a long way.
It's too easy to engage in financially risky behavior, lose at the public's expense, and come out of it like nothing ever happened.