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Updated over 5 years ago on . Most recent reply

Kim Forgione's profile image
Kim Forgione's profile image
Kim Forgione
  • from Battle Ground, Washington
  • Member since Oct 1, 2016
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19
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6
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Kim Forgione's profile image
Kim Forgione's profile image
Kim Forgione
  • from Battle Ground, Washington
  • Member since Oct 1, 2016
Connect
Kim Forgione
  • Battle Ground, WA
6
Votes |
19
Posts
Buying & Selling Real Estate

Advice on Lowballing REOs

Kim Forgione
  • Battle Ground, WA
Posted

Do banks have a set formula insofar as accepting offers on REOs so that lowballing is a bad idea? Was dropped from about $92K to $79K and I’d like to offer $50K. Is that too low? Would they counter or just not respond? How long does it usually take to hear back on REOs? Thanks!

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