Property soon to be REO and not sure what I should do next?

[Kevin Schaefer]

Hello, I just got my NJ license and have been working the withdrawn / expired lists. I'm talking to an owner who's house just expired and she's telling me she's moving out in two weeks because the bank wouldn't accept any offers the previous agent got for her. So, I'm assuming that was the "short sale" and it failed. 

My question is, what can I do now? She isn't talking to anyone else, so it seems that I have some opportunity here but what is that opportunity? Do I call the bank and ask to be the agent for the soon-to-be REO? They will most likely try and auction it first, right? Looking for some advice on how to handle. Thanks!