There is really no good number, it largely depends on the lender and even the type of property....
And there is a difference if you intend to buy a short sale, is it an approved short sale or not yet
a set approved sale price has be set and agreed to by the lender....
A local Agent who has dealt recently with several short sales in your area of interest may have some
more detailed insight.
Good Luck to you
Edith YourRealtor4Life & Chicago, North Shore & Northern Illinois Expert
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Investors alike....And always with a SMILE :)
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Agents US & world wide properties. French, German, some Spanish &more EdithSellsHomes@atproperties.com or EdithSellsHomes@gmail.com
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