Not necessarily. With more research on the bank, such as: how much was owed, which bank, and what kind of situation the bank is in can all have an affect on the banks reaction. Short Sales as long as you're patient can be some of the best deals, even in this buyers market.
thank you tim. i saw that this property sold for $262,000 just 2 years ago and the new asking price was reduced 30k to $209,000.even if i offered $209,000 that would most likely get shot down buy the sellers bank ,no?