Short Sale On A Bankruptcy

What do I need to know in order to make my offer to a GMAC/Homecomings tomorrow afternoon.

Payoff: 79K
appraised $108K
needs new carpet & airconditioner : 20k
hoping to offer $56K

The owner claimed bankruptcy with all due amounts forgiven.

1. Is there anything I should be aware of or anything I can use to my advantage when i negotiate since this is a bankruptcy case when giving my short sale offer.

2. Should my offer be lower or higher?.. cool smile

[ Edited by ambitious1 on Date 05/02/2005 ][ Edited by ambitious1 on Date 05/02/2005 ]

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