Buying REO from US Bank

[Joshua Hill]

I'm trying to buy an REO that's currently listed from US Bank here in the Phoenix area. I'd like to work directly with the bank (I have experience purchasing preforeclosures and have had to deal with banks in the past). Does anyone have any advice on how to deal with them or a phone number to reach their REO department and get on the phone with the right person?

Thanks in advance!

[Ron S.]

Originally posted by @Jaron Walling:

In the context of purchasing a REO property how are you guys funding the deal? I know cash is king but what are my chances of using a conventional loan? The property is owned by US Bank.

List price: $99k ARV: $125k  Rehab: $25-30k

I've been pre-approved for a 30 year fixed but I'm worried about the inspection/lender requirements for move in ready. Any advice would be much appreciated! 

Slim. If you have patience and drink excessively, maybe a 203K loan would work, otherwise, I'd look for a turn key home.