I agree with Fred. You never know until you put an offer in front of the lender.

Hey Shanna from Satsuma

I graduated from Palatka South High School.

The Amphitheater at the foot of the St. John's River Bridge in Palatka is named after my Dad.
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To your question:

Obviously you are low-balling, but you Never Know until you put it in writing.

You or your Agent or your Lawyer - draw up a written contract and offer it to the Bank.

Florida Real Estate Agents are required by Florida Law (with rare exceptions) to present every offer.

The worst thing that will happen is the Bank will say, "No".
On the other hand, you might be pleasantly surprised by an Acceptance or a Good Counteroffer from the Bank.

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Best wishes to you,
Fred
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I doubt it because the curreny listing is typically after a recent BPO(Broker Price Opinion) and these are updated often. The foreclosure lender is looking to get full listed value, I would just ask the listing agent, depending on how long its been on the market, they might be willing to give you an idea if Fannie or Freddie will take a low ball.