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?.. 
[ Edited by ambitious1 on Date 05/02/2005 ][ Edited by ambitious1 on Date 05/02/2005 ]
Its a Chapter 7 bankruptcy