Hi Linda,

The amount you would pay for a foreclosed home will vary depending on the property. Most banks will negotiate on the price of a foreclosed home; however, it is a common misconception that the banks will give away their foreclosed properties. While foreclosed properties are usually priced well below fair market value, the banks are still trying to sell the property for as much as possible to recoup some of the money they have lost in the foreclosure process.

If you are interested I would be happy to provide you with more information on the process of purchasing a foreclosed property. I also provide a free "Foreclosure Hotlist" service where I can update you on new foreclosed properties available in your area.

If you have any questions I can answer for you please let me know.


Thanks,

Nate Blankenship
Keller Williams Realty
864-497-3131
nate@homesintheupstate.net

It depends on many factors, such as:

- The recent sales in the community.
- The suggested value of the home in as-is condition
- The bank's financial position on the property (how much did the owner owe before foreclosure)
- General condition of the property
- Market trends in the immediate area of the foreclosure.

I have personally helped many buyers purchase foreclosures in the past, whether FHA, VA, bank-owned, etc.

Please let me know if you have any other questions whatsoever, and have a great day.

Cameron Keegan - Realtor, ABR
Prudential C. Dan Joyner Realtors
Mobile: 864.238.7109
http://www.GreenvilleMOVES.com