How much will a real estate liquidation company mark down a property each month?

opienzip asked:


I’m interested in a property that went into foreclosure and is now being sold by a real estate liquidation company. Supposedly, they will systematically drop the price until it sells. If true, how much will the price drop each month? Is there a standard formula for real estate liquidation?

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1 Comment so far

  1. kemperk on February 16th, 2009

    Carmel Valley Real Estate

    they often sell it to investors who hold it for 1 yr.

    alternative;
    check Monday with your county treasurer and see when they
    are holding their TAX foreclosure sale [or tax certificate sale if
    your state does that.]

    you can get a house for less than 10k–with no mortgage needed!