My wife and i put a bid on a foreclosed home that we really want.
It was put on the market on 11/22 from fannie mae at 104k.
the assessed value is around 87k
we put in a bid for 95k with bank to pay all prepays and home warranty.

We are wanting to get the property into contract and close on February 24th...

Is this a reasonable offer to the bank or are we low-balling it too much?
I need as much input as possible as we want to get the best price out of it as possible.
Also, the whole house is in mint except the bathroom floor and subfloor and shingles in 5-6 years.