Chances Of Bank Accepting Less Than Asking?
I am interested in a bank owned property but strictly for the lot as the home on it is in rather bad shape.
The FMV on the lot is about half of what the bank is stating as owed and the building on it - they state is a SFR but it looks like a mobile home to me.
Use the same technique as you would if this were a preforeclosure short sale situation. Lots of factual data, and a compelling proposal.