Buying a REO property previously owned by a family member

[Ryan V.]

I am new to this site but found some good information and was hoping someone could help me with a specific scenario.

I am interested in purchasing a home that was previously owned by a family member but is now a bank owned property now on the market and listed for sale.

Are there any laws or restrictions in the State of California that would prevent me from doing so?

Does anyone have any experience in regards to a bank not approving a sale based on the name or a buyer and/or their relationship to the previous owner whom defaulted on the mortgage?

Thank you in advance for your input.