Poor and Unemployed

When the Going Gets Tough, the NAR Advertises

I have cash and I am in market to buy in Miami. I have contacted banks about the specific foreclosure properties to make a bid. I havn't heard back from any. Countrywide required prequalification, which I did but they would not issue the letter. Plain simple good old stonewalling. Do they know something that we dont? Is government going to bail them out so they would rather keep the properties on books at high price instead of selling? Most properties are being offered through brokers at 8% commissions even if you approach the banks directly. Any comments??