Asked by Edwina, Alexandria, VA • Wed Apr 2, 2008
I'm looking to buy in Washington, D.C., on Captiol Hill. I'm looking at a REO property that's listed for $549k, has been on the market for over 150 days, and is owned by Countrywide. The property appears to be in good condition. In D.C., all vacant properties are assess a property tax at 5% (2.5% levied every 6 months) on the assessed value. March 31st, $20k was assessed in taxes on the property.
Is an 75%-80% offer unrealistic? How do I find out how much was owed on the property when it was transferred from the former owner to Countrywide.
Real Estate in Washington
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