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Updated about 7 years ago on . Most recent reply

User Stats

616
Posts
547
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Amy A.
  • Portland, ME
547
Votes |
616
Posts

The bank REO department is full of clowns.

Amy A.
  • Portland, ME
Posted

For years I've been trying to figure out the pricing strategy of banks.  Will they reduce the price 5% per week?  10% per month?  Will they counter with a 3% reduction?  What is their strategy?  Surely large, sophisticated banks use some sort of calculation to get their inventory sold.

Today I got a counter-offer from a bank of $123405.  I give up.

Most Popular Reply

User Stats

2,953
Posts
4,475
Votes
Alexander Felice
  • Guy with Great Hair
  • Austin, TX
4,475
Votes |
2,953
Posts
Alexander Felice
  • Guy with Great Hair
  • Austin, TX
Replied

I work at a bank

can confirm, only clowns work here

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