Is this possible?

[Vince P.]

I have come upon an interesting opportunity, but I'm not sure if what I want to do is possible. I found a prospective investment property in NJ where I live, and the owner lives in California. She inherited the property about 18 months ago from a deceased relative, and has not made any morgage payments in over a year. She does not want to keep the property, and has gone so far as to call the bank and ask them to please take it (remember, no payments in over a year). However, the bank is reluctant to begin foreclosure proceedings and has been ignoring her. The house is also worth less than she owes. Is there a way for me to contact the bank and buy this at a discount before they eventually foreclose? Any help would be extremely appreciated.