Buying a REO foreclosed home

Asked by Kishat918.lt, Chicago, IL Fri Jan 25, 2013

If a REO foreclosed home is asking for $15,000, is there any way it can be purchased at a lower price?

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Ron Thomas, Agent, Fresno, CA
Fri Jan 25, 2013
Lower than $15,000??
Are you serious?
The Mortgage would be $76 per month!
Do you think that there is an inhabitable house that can be bought for that?

It sounds like a "come on".

And you want to Offer LESS?

You might want to ask a Realtor to do a CMA to find out what the MARKET VALUE is, get his opinion about the Selling Price.
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