pre forclosureI have posted on here many times, and want to thank everybody for there info and guidance. here is a question im sure many have asked. As I am looking for a home to purchase I am seeing a lot of home prices that are not reflecting what the market is today. the average price in the area is 120k and this home is a pre forclosure. the house was sold at 175k in 2006 and is now being sold for 175k again. what do you think would be a fair price and what would the bank in a pre foreclosure think would be insulting? thanks for the help..June 28 2012 - Austin00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.