Asked by Murphy Robbins, 49690 • Mon Mar 17, 2008
Rumor of Williamsburg home for sale clearly overpriced to sell at auction this week, might thisbe a Foreclosure sale, or other possibility? Home is currently in posession of owner, not bank as an REO. Value of home is not worth amount owed to lender (Coldwell Banker?). Have interest at reasonable sale price maybe 35% less than listed, 25% less than owed. Obviously owner sales Agent is not the person to question. Should this become an REO, can an offer below amount owed be considerd by lender & if so, how done?
Real Estate in Williamsburg
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