Use that to determine todays value,then discount the offer price to account for all of the unknowns.  

You could try to buy that for cash at a discount if it's a smaller bank and then foreclosure to wipe out the junior lienholder.Are you trying to get a loan or pay all cash?

All that being said, be clear on what you are looking for: an opportunity to either buy an asset at a discount or an owner's equitable interest at a bargain price. 

I pulled "sold" HUDs from my local mls and determined the percent discount from original list price relative to time.  

Gimmicks like discounts or paying closing costs have never worked for increasing that number.  

You need to buy at a discount and hold for cash flow.

If your interested in investing in US real estate, I would invite you to find discounted properties in markets where both population and economic growth is expected.

.- You find out in a few hours if you got the deal- The ones I have gotten I have gotten well below the normal discounts in the areaIf you can get over the long close time - the poor customer service then a deal is a deal is a deal.I have just learned to get over it and expect it to take a year to close and when it closes in 4 months I find myself plesantly surprised :)

I've talked to many smart, rich people who've been very happy buying SFH for a slight discount and renting for 1% while the tenant pays everything.

For sure this is possible but then your end buyer must pay all cash as no lender would finance a new LLC with no credit history and these days (even with your own personal guarantee), the lenders are not wanting to loan to an LLC unless that investor has a long history and proven track record.Well since we're in the Wholesaling Forum, I'm going to have to disagree, Will.Wholesaling is selling discounted property to other investor's who are buying with cash or cash equivalent (hard money, commercial loans, & line's of credit).