I am new to this but I think I found the right property (maybe). I think they are asking for more than the property is worth . Is it possible to negotiate a lower price on the home with HUD? If anyone has dealt with this before, please advise. I am using a Hard Money Lender and the closing date is Nov. 1st. Also, the meters for electric and gas have been removed. How do I find out how much this would cost to replace?
Any suggestion are highly appreciated!
$25,000.00 Selling price
$15,000.00 Repairs and Holding Costs