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Can a bank legally list an REO property for more than the loan value?

Posted on: 28th Mar, 2009 05:46 pm
Id this state specific?
If the bank is selling a property, it is not different than if YOU were to sell that property. They own it and they can ask whatever they want for it.
Posted on: 29th Mar, 2009 08:06 am
Hi

What Eric has said is right. The bank can surely list the property for any value because they now legally own the property.
Posted on: 30th Mar, 2009 03:56 am
just another unhappy consumer i guess. chances are, cu88cpa, that the bank won't get its asking price.
Posted on: 30th Mar, 2009 11:27 am
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