Comments on: Bank Repossessions in Florida – Brimming With High Profits http://www.realestateforeclosureblog.com/bank-repossession/bank-repossessions-in-florida-%e2%80%93-brimming-with-high-profits/ Tue, 10 Jan 2012 14:58:01 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Bank Repossessions Spain http://www.realestateforeclosureblog.com/bank-repossession/bank-repossessions-in-florida-%e2%80%93-brimming-with-high-profits/comment-page-1/#comment-807 Bank Repossessions Spain Tue, 03 Mar 2009 10:36:24 +0000 http://www.realestateforeclosureblog.com/?p=826#comment-807 Bank repossessed properties here in Spain have also risen in number, however the demand is not as great as it seems in the States, mainly due to the admin costs of roughly 10% set by the banks. Also, not only do the banks take the properties to auction but they are now filtering the properties that have been repossessed through all the local estate agents to help with quick marketing with clients arriving daily to these real estate agents. It is a no lose situation, estate agents get lower priced properties to market to their clients that obviously want a bargain, and the banks get rid of the bad debt left on the property. Bank repossessed properties here in Spain have also risen in number, however the demand is not as great as it seems in the States, mainly due to the admin costs of roughly 10% set by the banks.

Also, not only do the banks take the properties to auction but they are now filtering the properties that have been repossessed through all the local estate agents to help with quick marketing with clients arriving daily to these real estate agents.

It is a no lose situation, estate agents get lower priced properties to market to their clients that obviously want a bargain, and the banks get rid of the bad debt left on the property.

]]>