Everything said above is true.... Each foreclosure is to be treated as its own case.
It is priced at FMV based on it not having condo docs, a RPR, guaranteed appliances, warranty etc.
If it has been on the market for quite some time, you may get a great deal.
Imagine who you would rather negotiate with....a seller who has lived in the home and has emotional attachment or a bank who sees it as just another number/headache.
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