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Updated over 13 years ago on . Most recent reply

Mark Beekman's profile image
Mark Beekman's profile image
Mark Beekman
  • Investor
  • from Phoenixville, PA
  • Member since Jan 6, 2008
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257
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Mark Beekman's profile image
Mark Beekman's profile image
Mark Beekman
  • Investor
  • from Phoenixville, PA
  • Member since Jan 6, 2008
Connect
Mark Beekman
  • Investor
  • Phoenixville, PA
18
Votes |
257
Posts
Foreclosures

Short Sales - How low can you go?

Mark Beekman
  • Investor
  • Phoenixville, PA
Posted

I'm looking at making a short sale purchase on a property that is mortgaged by Citi. This is my first time dealing with a short sale, so I have no idea how low I can go with my offer. The property has been listed for over 720 days with numerous price drops, but I would still like to drop the price even further. Do you more experienced guys have a general formula for determining offer amounts?

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