| The reality that a bank or loan company is trying to | | | | counter the offer and ask for a higher price; a |
| sell its REO property does not necessarily mean that | | | | standard trick for the industry. |
| they are going to sell the property at a bargain price; | | | | The emphasis will now be on you to decide on what |
| such would be going against their role: to maximize | | | | you want to do. If you decide that the price that the |
| shareholder worth. | | | | bank or Loan Company is asking for does not reflect |
| If after you have had the property checked you still | | | | the market value of the property then you can stop |
| wish to continue with the purchase you will most | | | | and walk away. If you are happy you can counter |
| likely make the bank or Loan Company an initial offer. | | | | their offer and submit a new bid. |
| Generally the bankâs response will be to | | | | |