stephaniee36
Dryer sheet wannabe
- Joined
- Sep 3, 2012
- Messages
- 24
I am interested in a Fannie Mae foreclosure. They listed the property in last fall for a price that is SIGNIFICANTLY higher than the house is worth, considering all of the required repairs. They have, over the course of several months, lowered the price by +75K. The house is still overpriced. I made an offer which was much lower than current asking price, which they rejected. Does anyone know what their formula is to determine the amount to reduce? The formula for determining the price they will accept? I am not trying to 'steal' the house from them. I am looking for a bit of a deal but am NOT being unrealistic about the value of the home in its current condition. Any suggestions, knowledge, etc., is appreciated. Thanks in advance.