Posted by john on September 16, 2004 at 21:06:11:
around here a banks REO’s are listed with real estate broker at FMV. An agent is required to present all offers, even though they balk. You could try going to the bank and ask for list of REO’s and make a contact in the loss mit dept.
It can’t hurt to make offer(s). You will never know until you ask.
Here 50% discount is a stretch but might fly where you are especially if on market over a year. You might try timing offer to close near end of month so the bank can show a property off books for that month, can’t say it helps just a thought.