Wednesday, February 04, 2009

Banks in Real Estate

Banks in Real Estate

Let's first thank the banking industry for putting this country in a hole, then asking the country to give them more money to put them in another hole. That's what makes America great.

I can remember in the not to distant past that the banking industry was trying to get into the real estate industry. Aren't we glad they didn't? Just imagine the chaos we would be in today. Home values would probably be worthless and we would be in a great depression.

These local banks are still trying to flex their muscle in the real estate industry today. By asking buyer's to get pre-approved with their loan officers. Another word, if the bank owns the home, then they will ask the buyer to get pre-approved with their loan officer at the local bank.

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