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Updated over 4 years ago,

User Stats

12
Posts
5
Votes
Jean Smith
  • Flipper
  • Argyle, NY
5
Votes |
12
Posts

Need advice on making a foreclosure offer

Jean Smith
  • Flipper
  • Argyle, NY
Posted

Hello! Two years ago I bought my first dilapidated HUD home with incredible advice from you folks. House is fully renovated now and I LOVE IT (paid $34K, now appraised for $185K). It's my primary residence. Considering buying another house, this one is a foreclosure. The house I'm interested in was bought at auction for $120K in 2019 by someone. No idea what happened but it was almost immediately foreclosed on and listed for sale as a foreclosure January 2020. List price is $82K. Any suggestions on a low ball CASH offer that a bank might say YES to?

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