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Why shouldn’t banks look forward to selling out properties with small mortgages so they can make money on the sale?

April 26, 2017Banks forward look money mortgages properties Selling small

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Why shouldn’t banks look forward to selling out properties with small mortgages so they can make money on the sale?

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A. Real Estate Owned is an item banks would rather not have on their financial statements. They’d much prefer to have these properties sold to third parties. Banks can collect only the sums legally due them. They do not share in any overage that may arise from the property at the Trustee Sale.