After reading about Indiana Joe's success with his REO I could use a little help He inspired me to rethink this deal
Found a 3bd 1 ba home on a dead end for a short sale. Owners owe 180K was listed at 135K. Comps from agent show houses selling around 85K...which was my original offer so i lowered it to 75K and submitted that. The bank countered 88,500.
Can i submit and offer for lower? or stick with maybe 76K? I was gonna offer 80K til I read Joe's post. I don't want to lose the house. But I'm not sure what i'm doing. I just found out the bank is going to relist the house at 95K. Any thoughts?