Bank owned properties

[Ann Berkowitz]

I have a question about bank owned properties. A bank has a property and the asking price is to high for the amount of work. Say the ARV is $450k, needs $100k worth of work. Bank is asking $325k. Someone mentioned to me that it could be presented to bank for an amount and ask for a credit back for repairs. Apparently it wouldn't look like the bank lost as much money on this deal. Has anyone ever done something like this? Thanks In advance for your help. Ann