Counter Offer Home Value Inventory Mortgage 
PennyMac
DECEMBER 22, 2020
The homeowner/borrower defaults on (fails to make) their mortgage payments for a certain length of time, with the qualifying amount usually specified in the mortgage terms. The property is then offered to the public at a foreclosure auction and typically sold to the highest bidder. Is an REO Home the Right Fit For You?
Home Junction
MAY 12, 2020
In most cases, the smart thing to do is come back with a counter-offer, even if it is a small reduction. There are other factors that can be negotiated as well that would be favorable to a seller such as closing dates, down-payments, pre-approved mortgages, etc. Sure, home prices nationally might be soft. Or by zip code.
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