Posted by dewCO on November 09, 2000 at 22:24:07:
Tax assessments are always low, YOU need to know the value first. Also, you need to know what liens are against the property, before you go too far. But you could make an offer, just based on value and see if that covers all the liens and your profit.
I’m suspicious of attornies in general. If there is equity here, they will have a friend buy it(???)
What kind of offer will fit best, in this situation is usually cash. Generally the estate will not want to carry back a loan, or do lease option.
If foreclosure has been started, then it is going somewhere, you need to know how fast it moves in your state.