Question : How much will lenders discount (%) the listing price for bank owned properties?

bank owned property listing

Best answer:

Answer by godged
Typically, not much. If the lender has been sitting on the REO for awhile, there may be more motivation. But if the lender has lowered the price, looking for offers, do not expect much flexibility on price.

I know there are tons of sites that say that lenders are accepting pennies on the dollar or need to “clear the books” are are taking very low offers, but that is not reality in MOST markets.