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The owner makes the final decision only if:
(a) Your offer exceeds the total pay-off amount for all existing liens on the property;
(b) He can spare enough attention span for your offer and take it seriously.
Do you honestly believe the best deal out there in this market is a house behind which a real individual's life savings is tied up and watchfully waiting to collect the full amount? Whose time value is essentially zero . . . vs. say an institutional stakeholder that has significant carry cost every day the property sits on their books?
posted by 76.118.39...
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