I Make Offer, Bank Makes Offer...(!)

[furnishedowner]

laura,
Whoa..."Just flip those houses to a hedge fund?"

That is WAY out of my league.  Why wouldn't the bank have already done that, if it were possible?  Prohibitions against it?  Then the hedge fund would sell the block of repos to an investment fund?  Then who sells them next?

I am missing a link here.  Where is the end buyer who will move in or the investor who will rent out the houses?  Where do they come into the plan?  Those houses are still sitting there, remember, the Realtors couldn't sell them at the old price.

I looked in my local phone book (1/2 inch wide) under "Hedge Funds" but there were no listings.  Okay, I am being facetious, but I am impressed that you think in those avenues.  Thanks for your input.  Anyone else?

Furnishedowner