Newbie with a question
I'm new to the forum and the industry. Have been studying the REO markets/info and have a question about making an offer on an REO property. What role, if any, does the property's tax value play in making a reasonable offer? For example, a property has been reduced from 89K to 80K but it's tax value is only 70K. Comps in the area are not more than 95-100K. Just curious.