pre foreclosure listing

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I found a 2/2bath townhome down the street from me, I know the bank has filed lis pendence on it 4/9/07. the orig mortgage was $102k in 2005 it's listed witha realtor for $114,900 dropped from $119k.

Comps are going for $120k, theres at least 5-6 in this same small area for sale so should I make an offere of $84k and wait to see if they get desperate?

I havent been inside, just seen pics if it does needs repairs I think they should be minimal.