REO PROPERTIES IN SOUTH FLORIDA

[Rasheed Hope]

Is it just me or are entities like Fannie Mae and HUD listing there assets at market value more frequently nowadays?

I constantly see homes that are bank owned listed at market value even when we give a BPO for less due to the condition. The asset managers will get our BPO and still insist that the property is list higher leaving most of those homes on the market for months until they agree to reduce the price several times. The VA isn't so bad with their homes though it's like they just want the negative asset off the books.

Anyone else noticing this?