The market has its way to adjust to the actual value (Mark to market as the banks dread it) That's why I completely discard ARV estimates, tax assessments and all other nonsense statements that seller put out there that mean nothing.

A price to sell the property is not usually set until the bank has the BPO in hand and approves it or adjusts it accordingly.Hope that answers your questions.On a side note, reaktytrac is a great site to use to find REO agents and other properties that will be coming down the pipeline.

Should I be adjusting the number's slightly based on the fact that my tax expense is 0?

Some will accept them, and some won't.The only way to find out is to make an offer, and then adjust accordingly.

I'm a claims adjuster and deal with falling tree limbs, shorting outlets, collapsing trusses....all the unlikely things that occur on a daily basis.

It was my understanding that I want to guess at the repair costs over the phone based on our discuss and then go look at the property and adjust accordingly once I've done an inspection.

In fact, it could be said that the actual #1 or #2 top REO brokers are not quite as good to work with for us investors because they focus on their quantity and do not adjust from their own protocols whereas an agent who gets lots of properties but is also a bit more on the hungry side and their protocol is built around having their top 3-5 investors who will buy 75%+ of their product are those who I like to work with.Great point and glad you mentioned it so that all can know exactly the meaning of what I was trying to say.

Losing a job to me was proof of the need to become financially prudent and have a future-forward vision.In RE, and all other financial business, new landscapes mean adjusting.

Click that...6) Click (hold) and drag your curser to create a text box.7) enter your text in the box8) If needed use the font editor toolbar to adjust the text.9) Re-save your image.

Our BoD recently "adjusted" our annual dues for 2009 and gave the Members 30-day notice to pay the "adjustment".Our governing documents allow our BoD to raise our annual dues a maximum of N% each year with 30-day notice to the Members.