I'm not sure if any of you are real estate agents or have bought a foreclosed home before so i'll go ahead and try my luck anyways. I looked at a house for sale from REMAX for $234,900 but I found out that it is foreclosed. Am I able to purchase directly from the bank, seller, or do I have to go through the realtor? Am I able to get it close to the 160k or is it going to be close to the 235k?
Here is the financial info from the agent:
10/05/02 - buyer bought house for $287,000
03/19/07 - home was on the market with asking price $310,000
11/13/07- expired and off the market with asking price $270,000
05/02/08 - foreclosure paperwork finished and bank took possession for $160,000 and the mortgage amount at time of purchase was $260,000