REO

[Ryan D]

I'm interested in purchasing a REO. I live down the street and have been following the foreclosure process closely for the past 6 months. It was just purchased by the bank at a sheriff sale on April 6. The attorney representing the bank asked that I send him a letter expressing my interest in the property. I am hoping that by sending this letter, the bank will realize it would be in their best interest to work with me instead of putting it on the market and letting it sit/depreciate as time progresses. Any input on what I should or shouldn't say? Or how much I should say? I assume at this point I should keep things brief.

Also, at some point, would the bank allow me to do a walk through? The property is bought as is in this situation right? It is my understanding that I cannot ask the bank to fix something if the prior owners trashed it. Is that correct?