Quote:
Originally Posted by queasy27
Like others, I cannot understand why banks aren't able to move faster on foreclosed properties and short sales. This is nationwide, not just in TV. Why does it take them months and months to act? Aren't they losing money in the meantime? Don't they care about recouping any of their losses?
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Kind of like stocks, bonds, and mutual funds. The market may go down but you haven't really lost any money until you sell. So..until the bank actually sells the asset/property...it's not a loss.
