Yes they will, unless there are multiple offers which in this market is common place & then it is highest and best. Short sales commonly accept lower offers in this market as well and sometimes have multiple offers. The owner will look at the offers and should only accept one offer which is forwarded to the bank for further consideration. Best Regards.
Sure they do, it is very common that they do. Short sales are a bit different where the bank often wants more than list price, but a REO bank owned property is more like a regular owned home where the bank lists at a price they will accept and often they accept less -- not much less. Some people think, incorrectly, that they will accept 20-50% less which is laughable.