How Much Would You Offer?
Here's the situation. We have found a solid, well maintained home in a good neighboorhood that is foreclosure. The previous owner owes the bank more than the house is worth. The realtor has said the bank has come down to 139,000. That is about 15,000 to 20,000 below the fair market value. One problem, though. The back yard, while quite large, is steeper than Mt. Everest. That's why it's been sitting empty for over a year. Any suggestions as to how much i should offer? I want to get as much out as possible. Thanks in advanced. 
Sitting empty for a year? Offer $75K & sell it on a lease option for $125K.
Thanks,
OnTheWater:-D