List price is $79,000, 2-family short sale and lender has approved the list price, per the listing agent. A similar sale took place at $68,000 in the area. I would say that $50,000 may be too low to get accepted. The lender wants near the market value. But you never know until you try. You should use a buyer's agent to make your case and offer. If you are not using an agent on this property and have not been inside yet, let me know. I can help you.
Upper Montclair, NJ
973 632-8593 cell.