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All Forum Posts by: Cathy Chauncy

Cathy Chauncy has started 1 posts and replied 1 times.

Post: Newbie with a question

Cathy ChauncyPosted
  • Real Estate Investor
  • Charlotte, NC
  • Posts 1
  • Votes 0

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.