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What are these lenders thinking? What policies are they following?

Posted by Alfred, CA on May 07, 2010 at 12:20 AM

Two properties in LA that I made offers on 4 months ago are STILL unsold and now on the MLS at even HIGHER prices then they originally wanted.

I submitted price reduction packages to both lenders (one a short sale, the other an REO) and I feel that my reasons for a lower price were quite legitimate (illegal additions, etc.), but they couldn't care less and wouldn't come down a whit.

The propertie are still on the market. Bizarre times.


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