My first pass at a low ball offer (-14%) was denied by Wells Fargo. I have also read so much REO/packaged security/bank info lately that I can't sleep well at night.
I was thinking of forgetting the whole thing since the wife was not totally loving the place, and she was on the fence because of all the repairs and renovations needed.
But....we went there again this morning and she was actually liking it much more and started planning out a bunch of stuff.
So a medium ball offer was pitched (-9%). I am planning on denial #2, but you never know. Hopefully the "car-guy castle" plan doesn't go down in flames after 2-3 years of looking.