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Updated over 17 years ago,

Jimmy NA's profile image
Jimmy NA's profile image
Jimmy NA
  • Property Manager
  • from CT
  • Member since Jan 5, 2008
Connect

User Stats

131
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3
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Jimmy NA's profile image
Jimmy NA's profile image
Jimmy NA
  • Property Manager
  • from CT
  • Member since Jan 5, 2008
Connect
Jimmy NA
  • Property Manager
  • CT
3
Votes |
131
Posts
Foreclosures

Potential Purchase of REO

Jimmy NA
  • Property Manager
  • CT
Posted

I have been eyeing a bank owned single family for awhile. It was was on with one REO broker for several months. Than re-listed (didnt sell with first broker) for a lower price. Realistically, how low will the bank go to sell this home? Can you assume they will go a certian % lower to sell it? I would be an owner/occupant. Its on for 139K. I noticed it sold in 2003 for 126, 900. Does that mean the banks bottom is somewhere near 126k?

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