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Updated almost 9 years ago,

Andy Wu's profile image
Andy Wu's profile image
Andy Wu
  • Rental Property Investor
  • from Columbus, OH
  • Member since Dec 13, 2015
Connect

User Stats

64
Posts
7
Votes
Andy Wu's profile image
Andy Wu's profile image
Andy Wu
  • Rental Property Investor
  • from Columbus, OH
  • Member since Dec 13, 2015
Connect
Andy Wu
  • Rental Property Investor
  • Columbus, OH
7
Votes |
64
Posts
Foreclosures

Short Sale advice needed

Andy Wu
  • Rental Property Investor
  • Columbus, OH
Posted

Hello BPers,

I submitted an offer for a house in OH. The house will be in sheriff sale on March 2016. The appraisal price is $390000. The house is on the market as short sale for almost a year with reducing the price several times.  The last price reduction is 3 months ago.  I am offering a price of $325000.

How is the chance I can get it.  What is the price that the lender will let if go instead of foreclosure.

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