The only way a pre-foreclosure house can be sold is as a "short sale", meaning the value of the house in less than the loan. The seller must qualify with a hardship for lender approval. Lenders are looking to get closer and closer to market value. If the house was priced right, then there is propbably not much wiggle room. Next question is are there others making offers? If so highest wins. Cash will usually win over financed if the offers are the same or close. If not, then which ever nets the bank more will be the winner. Even with a full price offer, if the bank feels the sale price is below marke,t they will come back with a higher counter.
I feel an informed client makes the best decisions regarding their real estate needs. Let me know if I can be of assistance.
Broker Associate, GRI, SFR, NHS
Real Estate Consulting, Marketing & Sales
Prudential Tropical Realty
2539 Countryside Blvd #3 Clearwater, FL 33761