dahmusica


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Daniel H

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Question about making an offer

I recently made an offer on a home that was being sold by a realtor. The appraised value was 129,500 however my offer, along with several offers were around 115,000 and WELLS FARGO didn't accept any of them. The realtor told me this is becoming very common with many mortgage companies. Has anyone experienced this situation? How do I pursue and work around the fact that many mortgage companies would rather let the home go in foreclosure instead of taking a low offer?

Please give me your help and input in this.

Thanks!

Dan H