Urgent Bidding on a Foreclosed 2-Flat in good area

[Atul Mohlajee]

There is a REO 2 Flat which was on sale for 165000 when I bid 150000 this Monday night via fax by RE agent. I was the first and only bidder this Monday night. On Wednesday, price was dropped to 155000. I got a call from my agent to bid top price by Friday because because 2 more bidders made bids after the price drop. It is a great deal in a good area. How much would you guys bid to have a 90% chance of aquiring this property?