buying REO/bank owned properties

[Elizabeth J Humphrey]

What is the best way to put in an offer on bank owned properties? I would be using conventional financing, no hard money no cash. I would not be bidding on auction, these are just listed on the MLS. Is it even possible to buy the bank owned properties without up front cash? I would of course be able to provide a pre-approval letter for financing from a conventional bank or credit union. Does the bank that owns the property even finance the property to the buyer or is that against the law?

[Fernando Londono]

If you are lucky enough to find out what bank hold the property, I suggest try to be pre approved for that particular bank before you put an offer.