REO property Orono/Mound MN Low Ball or Not?hi, im interested in a REO property, as far as i know its been empty for almost 1yr,and for sale for a long time, the REO was recorded in 2009, the list pric eis 1.8M, the Est.market value is $624.000, the area sells for pretty much anything 400.000 up to 2M.. the property needs some work est . 15.000or more... HELP! i dont think there has been any offer on this home in a Very very long time. Should I do a "low" ball offer? or? what is a good plan ? 2. Are REO properties likely to do a CD or Rent to own ? Thank you all for any good advice and suggestions:) M :) March 08 2011 - Mound00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.