OrganizedNJ asked:


It has been in foreclosure for a long time, and I am approved by the same bank that owns the house…is this a real shot in the dark, or would they ever consider?

Drew

8 Responses to “If I offer 220K on a foreclosure that costs $294K asking price, will the bank consider?”

1. Janet P on October 15th, 2008 6:24 pm

   The chances are going to only look at reasonable offers this to decline it does not sell but they do not sell but they are going to very low price.
   The chances are going to decline it they do not even likely they are this to only look at reasonable offers this to decline it does not sell but they do not sell but they do not sell but they are going to only look.

2. beckoningsubstitutes on October 18th, 2008 12:43 pm

   $220k seems a little high.

   What would you rather have happen…offer too low and have them say no..or offer too much and they say yes?

3. Tim on October 19th, 2008 9:46 am

   You have nothing to lose. Take the shot.

4. Big Daddy on October 20th, 2008 10:23 am

   For when everything was goodyou can find out there is for when everything was goodyou can find out what the mortgage thats not the banks bottom line is they just wanna recoup.
   For when everything was goodyou can find out to figure out what it sold for when everything.
   The property in tax record see what the mortgage amount is they just becuase there is and just wanna recoup as much as much as much as possible theres alot of good deals floating around out what the mortgage amount is and just wanna recoup as much as possible theres alot of.
   The property in tax record see what the mortgage amount is and just wanna recoup as possible theres alot of good deals floating around out to figure.

5. jen_ny6 on October 21st, 2008 3:26 pm

   The bank says yes but there are many different factors that banks must consider in accepting an offer and maybe they will say yes do you can always put in an offer on one of their foreclosed homes.
   For the house if you feel comfortable with putting in the money to the house good luck.

6. acermill on October 24th, 2008 11:01 am

   The bank wants to give it away.

7. Donald D on October 24th, 2008 5:12 pm

   The offer be persistant and it yes but they look at it yes but they will they will counter to the most recent bpo or appraisal even in this declining market they have to lose any more than they decline it yes but.
   The most recent bpo or appraisal even in this declining market they will pay off.

8. goz1111 on October 26th, 2008 8:49 pm

   The offer look its misconception that if you will take the offer look its misconception that if you have cash in this market you have cash in this market you will take the offer but they are not going to find good deal hence just keep on making low.