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You are negotiating a short sale so the worse off the condition of the house, the better.2.

And we're not talking about a house that is in move-in condition.

Plumbing is in good condition, electrical was good according to inspector.

With my offer, I have included a long letter cluing them in on what's happening here, photos of the condition of the house as well as the current CMAs.

I have heard in some markets like Florida and the gulf coast, insurance makes it almost impossible to buy in huricane areas, however, in normal areas without conditions like that, market rents will limit price drops.

Check with an attorney on your local laws though.As for 'equity', it's kind of hard to say if you can even get a loan against it unless it comes from a local bank who understands your market conditions and thinks that there is good reason to 'lend' you money.

Find another agent, price it right given local conditions, and you should be able to move it.Her explanation doesn't hold water, to me.

Give the legal notice required by your state law to go in and inspect--see what condition the unit is in & start advertising and showing it immediately.

I would call them, visit them, assess the condition of the apartment and arrange to get the keys from them.