Will There Ever Be a ‘Tidal Wave’ of REO Listings? September 13, 2010, Wall Street Journal Today’s Outlook column looks at how bank-owned foreclosures and other involuntary home sales will govern the pace of home price declines over the coming months. Banks and other companies that...
Here's an example of a bank-owned home in Detroit with an asking price of just $10,450. I don't know the neighborhood, but the estimated market value is around $25,000, and we just got a question on the RealtyTrac Community from renters in this zip code who said their landlord is charging $1...