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Old 04-12-2016, 07:30 PM   #28
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Join Date: Jun 2009

My understanding is that for foreclosed homes, you will be making an offer to the bank or lender, and they are often not as motivated as a homeowner to sell, and thus do not really negotiate at all. The bank is only interested in getting their money back.

My guess is that foreclosures have to really flood the market or homes have to sit unsold for many many months before the bank is willing to make a move on the price.
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