Asked by Mh, Bonita, CA • Sat Jan 24, 2009
I have had my eye on a property for a while now... It is priced well above what I am comfortable offering...However, it has now been on the market for 150 days...On another site I read that banks usually expect to get 30% of what an REO is worth... This seemed ridiculously low... but on an 800K home... how low would be too low to offer? The property is in Bonit, California in a nice neighborhood... But the mortgage crisis has hit this entire city very hard... Any thoughts?
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