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Updated about 7 years ago on . Most recent reply
The bank REO department is full of clowns.
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.
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I work at a bank
can confirm, only clowns work here