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Updated over 12 years ago on . Most recent reply

Shannon X.'s profile image
Shannon X.'s profile image
Shannon X.
  • Real Estate Investor
  • from Center Moriches, New York
  • Member since Sep 1, 2011
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Shannon X.'s profile image
Shannon X.'s profile image
Shannon X.
  • Real Estate Investor
  • from Center Moriches, New York
  • Member since Sep 1, 2011
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Shannon X.
  • Real Estate Investor
  • Center Moriches, NY
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Rehabbing & House Flipping

Does this have a meaning?

Shannon X.
  • Real Estate Investor
  • Center Moriches, NY
Posted

What is the reason why some foreclosures do not sell? for instance there are some houses that have been on MLS for a few months as REO why is this? why do investors not go for them?

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Mitch Kronowit's profile image
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Mitch Kronowit
  • SFR Investor
  • from Orange County, California
  • Member since Dec 3, 2009
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Mitch Kronowit
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  • from Orange County, California
  • Member since Dec 3, 2009
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Mitch Kronowit
  • SFR Investor
  • Orange County, CA
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Mitch Kronowit
  • SFR Investor
  • Orange County, CA
Replied
Originally posted by Shannon Xerri:
What is the reason why some foreclosures do not sell?

The same reason anything doesn't sell, i.e., the seller wants more than any buyer will pay.

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