Banks will often take a lower offer from a serious cash buyer as opposed to a higher offer from someone with a bunch of contingencies and financing.So, my suggestion is to either take the inspector with you before making the offer, or better yet, learn to inspect the property yourself.Good Luck,Mike

However, it looks like ( from the initial inspection), we have a myriad of problems, mainly cracked slab which has caused the brick to fall apart all around the exterior of the house in sheets, almost all of the interior walls to crack and have water damage, a HVAC system that needs to be replaced, a plumbing system that needs to be replaced and an electrical system that needs to be replaced, not to mention the mold and termite damage.

Once you have identified the true and current fair market value, you are ready to start negotiations by making many offers on several properties.Condos are a dime a dozen right now and their are less buyer pools for those types of units as opposed to SFR's which puts YOU in the driver's seat.

Listed it for 1.63 in Feb, then dropped it to 1.575.Finally rented it out for 7500 per month.The math listed in the link suggests he is upside down in his cash flow.There are nice pics exterior and interior on the second link.http://housingdoom.com/2009/06/03/geithner-cant-unload-his-house-either/http://www.zillow.com/homedetails/photos/33049632_zpid/

BPO's can done "exterior" without you knowing about it or "lazy" that's where the agent simply pulls comps.

There was a lot of legal mumbo-jumbo about the definition of "recklessly negligent" as opposed to simple "negligence".

Unfortunately, many consumer groups oppose this bill for completely different reasons than we do: Namely, they don’t think the legislation is restrictive enough.

Have to agree with Will: Lenders are really opposed to investors making money at their expense.

Unfortunately, many consumer groups oppose this bill for completely different reasons than we do: Namely, they don’t think the legislation is restrictive enough.

Rich, there will always be exterior property repairs, lawn maintenance, and insurance on any property.