Short Sale During Redemption Period
They is a house that the lein plus expenses was 163,000, the bank bought it back at 153,000. FMV is 170,000. The people are still in the home. What I was wondering was the bank hoping someone else would buy it by bidding 153,000, and if so is it possible that they ( JB Morgan) would be willing to take a little less to make it worth my time. Thanks to anyone that answers. There is 2 months left on redemption period.
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