I would do that as, if you fail, you have the option of trying again at the auction. Before the auction, hmmmm, try 10% below the listed price. You can come up-if you want,; but it is hard to go down. At the auction, the problem is not how little you can get it for, but where you draw the upper line. Be aware of what a "buyer's premium" means (it works kind of like a sale tax) and keep it ion the forefront of your mind as you bid. Good luck!
Contact me and i will look the home up and see what the bank is doing with the home. I can look at the mortgage history and see what a good offer would be. I can look at the auction company that is selling the home and advise you of their normal procedures.
Kevin Monette 757-735-2628
If you can get a house at a good value, then you can go ahead and make an offer now. Buyers usually wait for trustee sales if they can't get the seller to accept a reasonable price. As for the starting price, the current listing price seems to be a reasonable discount. If you low-ball any further, it'll probably just go to the trustee sale where it'll be exposed to a new pool of buyers and competition for you.