Need advice: How do I make an offer on a foreclosed 4plex?

[Ellie Narie]

I need advice! There's a foreclosed 4plex in decent condition that I'd like to buy with an FHA loan. I really really want it! The place is in ok condition but might need some updated paint, but otherwise it's in decent condition, so I might not even need to improve it or anything. It's listed for 450k, but my real estate agent said there are already 3 offers on it, and it's been on the market for less than a week! Do you think people are offering more than 450k on it? Should I offer more? I don't even know if I can qualify for more via FHA, I think I might qualify for like 455k based on all the numbers... do you think I have a poor chance of getting this fourplex?

Also, what if I write a letter to the bank that has it about my situation? Maybe they will feel sorry for me or something and sell it to me, whatever works lol! I don't know if I can actually do this, and what my chances are of the bank actually looking at it?