Buying REO's Protocol

[Sean Burke]

I have a few REO's that I am interested in buying as my homestead. For the most part the houses are in pretty good shape, no real damage on the surface. I don't love the houses but I would certainly take it off the bank's hands for the right price. What would be a good % of the house's value should I offer to the bank? Will the bank ever not respond to an offer if it is too low?