Here’s the situation: A person in Oregon, “Zwoe,” made an offer on a foreclosure property. The asking price was $520,000 and Zwoe made an offer of $500,000. The seller’s agent asked Zwoe to submit a second offer due to “multiple offers.” Zwoe never heard back, but learned the home was sold for $460,000. The question [...]
Source: http://www.zillow.com/blog/is-price-everything-for-reo-properties/2011/03/03/
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