how quickly can you close (pre and post forclosure take time usually 45-60 days but starting at 30 isn't unheard of).
Not having comps available (get them fromyour realtor) my initial thought is 105K w/3% CC help - but this really depends on comps and any weakenesses/strengths you have as a buyer.
I have been approved for more than that price, but it's just me so I don't need a lot of house. I was thinking about submitting a bid for the 110,000 and then asking the lender to pay the closing.
I'm receiving 20,000 in dpassistance from the county so I can't close until the end of May
20K down, owner pays CC, ---105 initial offer is sound --- let them counter. end of may fits their turnaround timeframe, and it would cost them an easy 5 K to have the house in inventory for 3-4 months min if they reject your offer.
I tend to use www.zillow.com to find the the value of the property...as far as what to offer companies like countrywide are accepting 60 cnets on the dollar compared to apprasal so if it apparsies for 180k they may take as low as 108k
