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REO Foreclosure - Negotiating with the bank!

Home is 179,900 in a country setting. This home has been on and off the market since 2011. It needs a significant amount of repairs due to some structural damage, new flooring in one room due to mold underneath, etc. It could cost around 30k. It's in a flood zone.

We offered 120k initially and was denied lol. We came back with 140k paying half the closing costs, etc. They hit back for 179k paying all closing costs. We hit back with 155k. Then they hit back with 178k. People say the bank doesn't negotiate and I suppose that is true based on this experience. What should we do next?

The highest we wanted to go was 160k/maybe 165k. It is a beautiful and large home great for our family. We were willing to put in the legwork to get it up and running again. We really felt like this was the one...

submitted by /u/kittystrudel
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source https://www.reddit.com/r/RealEstate/comments/dacby0/reo_foreclosure_negotiating_with_the_bank/
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