Because of balance sheet volatility & capital constraints, and the attendant reputational & political risk, the banks are
now desperate sellers... Not surprisingly, prices have collapsed!
Not exact matches
I would really be cautious right
now and only look for stalefish
desperate sellers.
A buyer must produce a hardship letter from the
seller, outlining why he or she is
desperate for the short sale and why there is little likelihood that the loan can be paid off,
now or in the future.