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Updated over 16 years ago on . Most recent reply

Ingrid Nagy's profile image
Ingrid Nagy's profile image
Ingrid Nagy
  • Property Manager
  • from Passaic, New Jersey
  • Member since Jun 9, 2008
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Ingrid Nagy's profile image
Ingrid Nagy's profile image
Ingrid Nagy
  • Property Manager
  • from Passaic, New Jersey
  • Member since Jun 9, 2008
Connect
Ingrid Nagy
  • Property Manager
  • Passaic, NJ
81
Votes |
369
Posts
Foreclosures

FL REO Real Estate Question

Ingrid Nagy
  • Property Manager
  • Passaic, NJ
Posted

Hi I'm new here and have been working on a small REO home to purchase in Florida. The lender Nationstar Mortgage took title in Sept of 2007. They listed the home for sale and it has been on the market for the past 9 months, each month lowering the asking price by about $5K. The current asking price is $81K and I offered $50K cash. The house is completely gutted of kitchen cabinets, appliances, HVAC units etc. The bank countered at $79K through the realtor. The house is not moving - no one is making any offers. Any suggestions???

Ingrid :D

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