short sale - Posted by Don Rottinghaus

Real Estate Investing
1

Posted by Randy on September 10, 2003 at 15:36:02:

If this was your 1st offer?tell them your price is set in stone. If you can?t buy it at a price that allows you to profit DON?T BUY IT!

If they haven?t sold it in a week, offer $5k LESS. Keep lowering the offer till they accept or sell it to someone else. If you consider the low end of the comps $95k paying $80k that?s 85%LTV, the maximum you should expect for N/O/O. Your paying retail.

2

short sale - Posted by Don Rottinghaus

Posted by Don Rottinghaus on September 10, 2003 at 13:43:55:

I have been working on a short sale the arv is around 95,000 to 100,000. My original offer to purchase was 72,000 the bank said they absolutely need 80,000 can this be negotiated or is the banks price usually set in stone.
Thank you in advance for your input.
Don