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What is the price a buyer has to offer to purchase foreclosed property?

April 26, 2017buyer foreclosed Offer price Property purchase

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What is the price a buyer has to offer to purchase foreclosed property?

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If the indicative price is stated, buyer could offer this price or 10% lower to take care of other charges when the sales materializes. In sealed bidding, if the floor price is indicated, the buyer could only offer price equal or higher than floor price.