Cecilie1200
Diamond Member
- Thread starter
- #841
Everybody knows the banks will accept any offer that pays off the balance on the mortgage. Anything above that goes to the mortgagee. So the banks done't care to maximize the price.They will try to sell the businesses for as much as they can, not just the balance on the mortgage. But what qualified people are going to be out there, able/willing to buy? Remember that after 8 or 9 months of shutdown, we're talking about 30% unemployment rates or more and the customers will have already found other ways to deal with their hair/nail situation.
Does everybody know where these apocryphal buyers are going to come from?