The reason is that it's a different (often declining) market there.

hey guys, interestingly enough I just found out...that the property is listed at $11,900, and found out the area is a declining part of town.

How Do You Preserve Your Equity In a Declining MarketThat is the subject.John Corey

you dont raise the bid, 10 days later the house is still sittingas for short sales, again banks require a Min net based on a BPO they have on their books and if the asset manager smells you are looking for some discount or making some money, they decline the deal...It is just a system, so many monkey at very low level working these assets now these days that have no clue about leverage and velocity of the money.

Lots of great already.Couple of questions:@ Aly L - with www.erentpayment.com, can you decline a payment from a delinquent tenant who is making a partial payment after he/she has received a notice?

Early in the declining market, owner occupants sell just to get out without losing too much, and investor buys to hold as a rental since it will cash flow positive.

There are many local markets that have not seen a decline in values but yet still keep trudging along at the same equity growth as before the "mess".

Additionally, is the town where this duplex is located improving or declining in terms of rents and vacancies?

Once inventories get back to 18-20k homes, pricing will return to a declining trend till the distressed inventory is worked through.

It would appear that there is a correlation between the economic affects of the QE programs and the young, declining population in Japan.