How to Buy My Neighbors Foreclosure???

[Chad Johnson]

Okay guys, literally my next door neighbor went into foreclosure and lost their house three weeks ago. I would like to purchase the property ASAP. How do I go about this procedure?  I know the bank already through looking at tax records.  The house was purchased by them four years ago for 86k, I was wondering also what type of discount I could get, if any, for purchasing soon and with cash if I choose to.

Thanks,

Chad