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Posted: 1/6/2012 5:43:43 AM EDT
I just had an idea about remodeling homes for large banks, how do you do this? I tried for the past hour contacting different branches and nobody knows. Google hasn't been much help. Anybody have an idea?
Link Posted: 1/6/2012 5:47:35 AM EDT
I think you will have a tough road finding banks willing to pay out anything for forclosures. They are only interested in getting them off of their books, not trying to turn them over for a profit, or even less of a loss for that matter.

Not saying it isn't a good idea...
Link Posted: 1/6/2012 5:51:06 AM EDT

Originally Posted By efpeter:
I think you will have a tough road finding banks willing to pay out anything for forclosures. They are only interested in getting them off of their books, not trying to turn them over for a profit, or even less of a loss for that matter.

Not saying it isn't a good idea...


Agree... Wife is a realtor and banks really could give a crap what shape the house is in. They just want to get rid of it (most of the time).
Link Posted: 1/6/2012 5:52:23 AM EDT
Drop me an IM
Link Posted: 1/6/2012 5:56:16 AM EDT
Originally Posted By klinc:

Originally Posted By efpeter:
I think you will have a tough road finding banks willing to pay out anything for forclosures. They are only interested in getting them off of their books, not trying to turn them over for a profit, or even less of a loss for that matter.

Not saying it isn't a good idea...


Agree... Wife is a realtor and banks really could give a crap what shape the house is in. They just want to get rid of it (most of the time).


There are rumblings that the next brilliant idea is to let the banks rent the houses out and get them off their books (non-performing loans).

OP might want to wait until the tenants wreck the place and refurb them for the next crew. I'd pitch that to the banks if this happens.

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