Minneapolis Homes For Sale

I found a house I like Minneapolis located in the neighborhood I wanted. Its most recent assessment by the tax records was at 190K. It entered into selling first to 148K then dropped to 90k. Structurally the home is fine but needs a lot of cleanup work and (the owners left behind an enormous mess). I estimate approx. 20k in upgrades and repairs.

Right now I'm seriously thinking to put in an offer. I have the funding and research to obtain a loan FHA 203k streamline. Am also in no hurry and have six months until my current lease expires. Besides that, I have a great loan officer and real estate agent with experience in short sales.

I am contemplating putting in an offer of 100k and take out a FHA 203k to 120K. Time is on my side but I wonder what the cover is the probability of the bank to accept an offer.

Short sales must be called selling long because we have discovered that it is a game they stall to wait for someone to offer more money than the asking price. We have made offers on a property and we were ready to pay the asking price. The officer said there is another offer and they are willing to pay more than the asking price.
We said "no thank you, and two months later, that house was still for sale with the original asking price.

We have no idea unless you present the offer and see what they will do. By the way you can not simplify that you have not in the way of a loan. Get your numbers on what must be done from a good contractor you will need to submit a loan 203K