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Updated over 16 years ago on . Most recent reply

Mel Lobo's profile image
Mel Lobo's profile image
Mel Lobo
  • Banker
  • from Pleasanton, California
  • Member since Mar 26, 2008
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User Stats

22
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2
Votes
Mel Lobo's profile image
Mel Lobo's profile image
Mel Lobo
  • Banker
  • from Pleasanton, California
  • Member since Mar 26, 2008
Connect
Mel Lobo
  • Banker
  • Pleasanton, CA
2
Votes |
22
Posts
Foreclosures

REO investing trivia

Mel Lobo
  • Banker
  • Pleasanton, CA
Posted

I realized, there are many folks out there who have questions but are shy...So am starting this trivia where you learn tons of stuff, and you know where you stand. Please post your questions/trivia in this thread with 3 options like below. Kindly answer the questions to the best of your ability.

Which offer will the bank pick from below for a Bay Area house in good condition listed at 400K?

A. 390K, 2 contingencies, structural and mortgage
B. 380K, 1 structural contingency
C. 370K, Zero contingencies

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