http://www.thetruthaboutmortgage.com/estimated-600000-bank-owned-properties-not-on-the-market/ Mortgage advice, tips, and the latest real estate news. Thu, 09 Feb 2012 21:48:43 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.thetruthaboutmortgage.com/estimated-600000-bank-owned-properties-not-on-the-market/comment-page-1/#comment-1931 New home buyer Wed, 08 Feb 2012 16:59:48 +0000 http://www.thetruthaboutmortgage.com/?p=5770#comment-1931 Hello, I am a new home buyer and I am looking at the available inventory in my location and I do not see half the properties that I know are vacant. My biggest question is " How can this be legal?" If the banks have the inventory and are "holding" it to drive the home prices up for a false since of market rebound that seams to me as a type of a monopoly because they (banks) are reducing the ability for me as a home buyer to make an informed decision with what is ACTUALLY available. I think and correct me if I am wrong ALL the inventory needs to be on the market so it can be sold to a prospective buyer like me. If that drives the cost down so be it at least some of us can then be in a new home and paying our mortgage. Thank you, Angel New home buyer Hello,
I am a new home buyer and I am looking at the available inventory in my location and I do not see half the properties that I know are vacant. My biggest question is ” How can this be legal?” If the banks have the inventory and are “holding” it to drive the home prices up for a false since of market rebound that seams to me as a type of a monopoly because they (banks) are reducing the ability for me as a home buyer to make an informed decision with what is ACTUALLY available. I think and correct me if I am wrong ALL the inventory needs to be on the market so it can be sold to a prospective buyer like me. If that drives the cost down so be it at least some of us can then be in a new home and paying our mortgage.
Thank you,
Angel
New home buyer

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