Thanks guys for all the posts here, they really help to get a better picture of how tax liens and deeds work.And thank you very much adrian,EM

$1400 sounds high, about what a high priced law firm would charge.

Where are the Freedomsoft guys when you need em?

I am sure it will be a crap appraisal or a really old one.200k is way overpriced.Rents of 600 may not be accurate if it stays vacant.The problem with 1 to 4 units is they don't typically use the income approach when doing appraisals.All you can do is wish them well as say you are firm on your price.There are investors everyday paying over a price you would pay.They might be testing you to see how far you will come up.Give highest and best and move on to other properties and they might come back around.No matter WHO the seller is they have to go through a selling cycle to arrive at a point where they are willing to play ball.If they find a buyer willing to pay higher than you it wasn't meant to be.

For instance, in my area, a firm like Hutchens, Senter, and Britton handles hundreds of cases in Wake county alone.

I have 2 days to supply EM.3/2/2 1580 sqft built in 1968list: 54.9kaccepted offer: 39.5k + seller 1k closing costs (homepath financing)repairs est: 25k (new roof, kitchen, and one new bathroom.

If you use the same attorney firm when you close, they may not charge you for consulting time prior to closing.

You have some firm parameters for what you are seeking so that is a great start.All real estate is local, so any traps or hidden problems may be found in this arena.

He was on the phone with 911 described the situation and said that we was going to "take em out" then you heard the shots in the background...

@ J Scott - Thanks for your disclosure because I am a firm believer that you don't ask a Plumber about your Water Pump ...