Purchasing a foreclosure in Houston, tx. how will the bank help if at all....?


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Im interested in purchasing a foreclosure in Houston Tx, this house has been on the market for over 6 months just recently it went from a short sale to a foreclosure, when that happened the price of the house went up nearly 25 grand. Im still interested in the home, but my question is if we do go forward...


Answer (1):

 
savvy61

approach the bank and don't worry about the price...offer them what you are comfortable with, even if it's at the short sale amount. remember, an offer is the beginning of a negotiation and in this situation - negotiating with the bank can be surprisingly easy. they have a piece of property that they don't want and they must get rid of it... they may surprise you - go for it and good luck