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My parents are looking to buy a $674,999 Foreclosed home, how likely is it that the bank will accept $620,000?

Written on April 29, 2010

They want to offer $590,000 and then move up to $620,000. The house is trashed, it needs new paint throughout, new windows, and new flooring throughout.

Is that something they should use?

Also are banks willing to negotiate on foreclosed properties?

This is in Arizona, home built in 2005.

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Filed in: Foreclosure News.

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