Generally, this isn't too difficult; these days, sellers have a lot of incentive to accept low-ball offers, as they are generally not going to be on the hook for the deficiency or the taxes.

First thing you need to do is identify the true and Current market value and adjust according to the subject property deficiencies you mentioned.

Unfortunately, agents are not general contractors and cannot identify serious deficiencies.

After it closes, the remaining value at sale price is wiped off the balance sheet and the deficiency (loss) moved to the income statement.

That's called a "deficiency judgment".

First time on BP and i have so many questions. But first i have stumbled through most of this on my own. The question i have is, i have the list from the county of homes four years of unpaid taxes. Has anyone just gon...

That way the estate doesn't take on the tax or deficiency liability.

Most on BP suffer from ED---educational deficiency.

You have one deficient survey or are not in compliance at your site and the fines and government (medicare) scrutiny will be upon you.Can it be lucrative?

So ask them what they need to approve a deal first then use that criteria to find the deal, if it fits that criteria it can then warrant further due diligence.A good technique that I have used in the past was to ask why you were turned down, if you get honest feedback it will help you work on those areas they feel are deficient in the future.