FL REO Real Estate Question

[Ingrid Nagy]

Hi I'm new here and have been working on a small REO home to purchase in Florida. The lender Nationstar Mortgage took title in Sept of 2007. They listed the home for sale and it has been on the market for the past 9 months, each month lowering the asking price by about $5K. The current asking price is $81K and I offered $50K cash. The house is completely gutted of kitchen cabinets, appliances, HVAC units etc. The bank countered at $79K through the realtor. The house is not moving - no one is making any offers. Any suggestions???

Ingrid :D