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Mark Beekman
  • Investor
  • Phoenixville, PA
18
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257
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Short Sales - How low can you go?

Mark Beekman
  • Investor
  • Phoenixville, PA
Posted Oct 25 2011, 08:53

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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