“How much is a typical price cut on a foreclosure? Prices are still off-line with reality.”
I am not sure, but I called on one and it normally would list @ 460-470k. They told me they had 6 offers and mine would have to be at least over 400k(listed @ 409k). That the place had a “repaired cracked slab” and 25k in additional work needed. So my guess is, not much,at least until there are enough sales from them(foreclosures) to drive the market prices down.
