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Foreclosures

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Nick Dillaha
Pro Member
  • Real Estate Investor
  • Fort Myers, FL
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50
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Bank Owned Foreclosure and Offers

Nick Dillaha
Pro Member
  • Real Estate Investor
  • Fort Myers, FL
Posted Aug 22 2018, 08:13
Question BP family, Do banks ever accept cash offers less than they get a property back for? For instance, I’m looking at a local foreclosure and the price is $90k, and the county website shows they took back the property at 90k. Do they ever accept lower offers if paid in cash?! The ARV should be around $160k to be safe and needs around $25k in repairs. Thanks!!

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