Property Q&A in Chicago>Question Details

L Mcgough, Home Buyer in 60622

what is the negotiating ability with a bank owned property?

Asked by L Mcgough, 60622 Sun Nov 22, 2009

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This question is about this property: http://www.trulia.com/mortgage/calculator/payment/property/1…

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If you are referring to a foreclosure vs. a short sale, typically the bank has made a decision as to what they will accept. Some may negotiate slightly. A short sale is not a set price and frequently the bank has not considered what it will offer until an offer is presented.
0 votes Thank Flag Link Tue Nov 24, 2009
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