Bank not listed as owner?

[Sydney Reece]

I have no real estate background. I am interested in purchasing a bank owned home, but I wondered why the courthouse does not list the bank as owner? It still has the previous owner who failed to make mortgage payments as owner. I know the bank "owns" the property now, but I don't see proof on paper. Is this unusual?

Also, the property has a sign that simply says "Call with offers" and lists the bank's number. What's the best way to approach verbal offers? Do you simply call and throw out a number? Is it ever OK to email offers? Can I back out if I do either of these things?