Lenders Don't Want To Be In The Real Estate Business

Lenders Don't Want To Be In The Real Estate Business Here are some tips from the book Foreclosure Myths: Lenders are legally required to not be in the real estate business. Lenders just want to lend. They want to make loans and collect fees and payments. You can negotiate with lenders to get deals on REO properties. Whenever you bid for a property, no matter if it is at an auction or making an offer to a homeowner, you should decide on the maximum price you'll pay for the property

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