Vinny,
Many buyers assume that because the property was foreclosed on they can buy it really cheep. It doen not work that way at all. The bank is looking to get the fair market value for the property so, you should offer what is fair, keep in mind that you are buying it as is and are responsible to pay all transfer taxes. If you are working with an agent ( buyer's agent) ask him or her to prepare a comperative market analysys for you and negotiate on your behalf. If you don't have an agent working for you you are welcom to visit my web site
http://www.irenapopilevsky.com
Good Luck to you
- Sat Oct 25 2008, 18:00