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Updated almost 13 years ago,

Enrique Ramirez's profile image
Enrique Ramirez's profile image
Enrique Ramirez
  • Wholesaler
  • from Putnam, Connecticut
  • Member since Nov 29, 2011
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User Stats

6
Posts
2
Votes
Enrique Ramirez's profile image
Enrique Ramirez's profile image
Enrique Ramirez
  • Wholesaler
  • from Putnam, Connecticut
  • Member since Nov 29, 2011
Connect
Enrique Ramirez
  • Wholesaler
  • Putnam, CT
2
Votes |
6
Posts
Foreclosures

Went to an auction and found the the bank irrational

Enrique Ramirez
  • Wholesaler
  • Putnam, CT
Posted

I went to an house auction over the weekend and when I got there found out the asking price the bank has set was unreasonable high. The price was at 95k for a property value at 100k (Based on similar houses in the area).
The property had about $3k worth of unpaid taxes. And the inside needs major work.

Is the bank irrational? or they are smarter than I am?

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