Relevant:
- Imploded: San Luis Trust Bank, FSB, San Luis Obispo
- Homeowners coming up short
- Sellers Cut Prices on 50% of Homes
- Future FHA buyers to subsidize poor performing FHA loans of yesterday -- Will the FHA make mortgage insurance premiums permanent?
- Invested in the Past? Buyers and Sellers at Opposing Ends of the Bargaining Table
2008-08-29 — cnn.com
Buyers are in the driver's seat and they know it. They're using that leverage to pry more concessions out of desperate sellers than they ever dreamed of during the bubble.
"'Now it's my turn,' is the attitude," said Mike Byrd, a real estate agent with SLO Home Store in San Luis Obispo, Calif. "Some buyers are really putting the screws on."
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