Posted by Scott on June 12, 2000 at 12:15:12:
Thanks once again for your input. Much appreciated. I will do some more research and get back to you with what I find. It’s still a mystery to me why the realtor would attempt to sell well under market value. Although I can say with some degree of certainty that the market in that particular subdivision will continue to be hot. I live there and have been doing homework on my area for almost 2 years.
All I know at this point is that the house was indeed a foreclosure that he purchased. My contract specifies I can tie the house up for 60 days, I have a $500.00 earnest money deposit as consideration.
I’ll let you know what I find out. Thanks again.