…I just have to share a story with you.

I was talking to a bank negotiator about a short sale after the bank had just obtained a new value check (“BPO“). The funny thing is that the value check came back about $50,000 higher than some comparable REO listings that are currently active in the area.

After I pointed that out, here’s the negotiator’s answer: “Yeah, these listings have to come UP – they’re not at MARKET VALUE.” (Oh boy…)

Meanwhile, back at the ranch…

Here is a really cool hi-equity deal on a marvelous estate in Chatsworth: $800,000 BELOW APPRAISAL! – That’s $.68 on the Dollar.Let me know if you or someone you know might be interested in this Pad!

“Yeah, that listing has to come up – it’s not at market value!”

Cheers!

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