Updated over 16 years ago on . Most recent reply
Buying a Bank Owned Property
I am interested in purchasing a property that was recently bought at a sheriffs sale by the bank. Any advice on how to approach the bank/start negotiations? Do I need to bring in my attorney this early in the process? Should I purposely make a crazy low-ball offer to start? I have heard stories of banks taking big losses just to get properties like this off their balance sheets. Any input would be appreciates.