[nuri]

Can you explain the process of shorting on a foreclosure? How do the negotiations work with the lien holders? What would be a normal offer for a foreclosure property (as a percent of retail value)? Thanks, first best answer gets my ten points.

[saaanen]

You start with the asking price. Banks do not negotiate on foreclosure prices. Ask your real estate agent, You can always offer less, but you will get turned down. Also, be aware it could take 4-6 weeks for the bank to respond..If it's a short sale, that, also, is the price they want.