End Of Year Advantages / Disadvantages
Hi there,
My realtor provided me with a couple MLS listings for REO owned properties. I was wondering is there any advantage to the bank to get these things sold this year? Obviously if yes, I'm thinking to find all REOs listed and make low ball offers.
I thought I heard its better if REOs don't sell in the first year, because then the bank can write off in the first year, then collect as profit when they sell the second year? If that is the case, then I'll wait till the first of the year and make my offers.
Thanks in advance for the help. It is much appreciated.
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