How low in the asking price do the lenders usually go on a foreclosure property?

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Question refers to 5706 Chippendale Ln, Victoria, TX 77904
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April 16 2010
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Answers (1)

Profile picture for Dallas Ft. Worth PRO
There is no magic formula.  Every property will have it's own bottom price.  Get your Realtor to research the home, previous sales, current loan amount, number of liens on it etc.

There are many instances where the home sells for a lot more than the asking price.

Naima
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