Are you negotiating a short sell or you are trying to pick up one already in foreclosure?
If you don't know about short sells, they are a great way to pick up a house going into foreclosure. The bank avoids all the legal expense and typically will sell at .80-.90 on the dollar of the payoff amount, not the appraised amount.
"Experience: that most brutal of teachers. But you learn, my God do you learn." C.S. Lewis www.younglife.org
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