Foreclosure shopping today

[Danny Day]

Just spent the day looking at 6-7 foreclosures I've found online.

Some looked good, and some looked over valued. I called the realtor handling the sale and asked for the asking price, to make sure my prices added up with what I had found online.

I had a few questions here:

1. If the bank has a set price of $90,000, and the comps in the neighborhood are at $100,000, can you leverage this against the banks? Saying the home is over valued and offer less? Or are they not likely to budge?

2. I spoke with a realtor today, who asked what kind of deals I was interested in for their mailing list. I told her fix & flip deals, and she said those really don't exist right now? What does she mean by this...?

3. Does anyone have a contractor agreement they wouldn't mind posting up

Thanks

Danny
:cool: