Whats The Best Way To Structure This Deal?
There is an REO that a bank has listed with an agent. It has been on the market 4 months now and the landscaping is really looking bad. It was built in 2003.
The listing agent said the ank wants it off thier books and open to any offer.
What should we offer? I heard if you offer a bank less than 80% on a newer home they will not look at it....is this true?
Should we offer 75% (a little more than what the bank got it for) and offer them to close in a week by using hard $.
ANY SUGGESTIONS WOULD BE GREATLY APPRECIATED.....We are submitting an offer first thing tomorrow morning........
THANK YOU
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