REO Question

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Hey all,

Just found out an REO house I've been looking at is a Fannie Mae property being sold by a Real Estate Agent. How are they to deal with, do they barter? Is it feasible for them to go for 70% of list price? The house in question is listed for 109,900 if that makes a difference and needs extensive work.

Thanks for your help...

8) LONNIE 8)