Contrary to what may seem like a wise decision, making a low offer on an already low priced foreclosure is a surefire guarantee to lose the purchase.
The market, at least in South Florida, is full and competitive in the single family range from $150,000 and below from the news I've read to personal experience.
Bottom line....... If you want a property your offer must be at or above full price and the best terms you can muster!!
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