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The short sale price just has to be $0.01 more than what the lender receive in foreclosure.
I would suggest locating several homes in the area and price range you want to pay. It's difficult to say what a bank will accept as an offer. Work with a buyers aAgent, such as myself and get comps of other homes in the area and submit yor bid according to the comps.
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For Sale: $79,000
For Sale: $90,000
For Sale: $110,000