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Updated over 12 years ago on . Most recent reply

John A.'s profile image
John A.'s profile image
John A.
  • from Boston, Massachusetts
  • Member since Nov 26, 2012
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User Stats

52
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John A.'s profile image
John A.'s profile image
John A.
  • from Boston, Massachusetts
  • Member since Nov 26, 2012
Connect
John A.
  • Boston, MA
9
Votes |
52
Posts
Foreclosures

Talking To HUD Asset Managers To Negotiate Price?

John A.
  • Boston, MA
Posted

There is condo I am looking to bid on with a original list price of $70K, and its new list price since drop is $63K. My first offer was $35.5K to see what HUD's counter is. And they countered me at $47K net to HUD which is way too much. The most I am willing to pay is $44K which is $41K net to HUD because of its value. Is there any I can call the asset mangers and see if they will accept my cash offer instead of waiting for HUD to drop the price again?

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