Bank owned property purchase

[Jason Whitlock]

Long story short, there is a single family home that had a fire, the owners have don’t partial work to fix, but over the course of a year failed to finish the project.

They have foreclosed on the property, I have a real estate connection that tells me it appears a bank has purchased prior to auction and has not listed property yet. House sold in 2008 for half of what market value would be today.

1. How would I find out how much the payoff or bank has invested.

2. How can I make an offer prior to it going public?

3. Are there certain loan types I should be seeking to finish remodel and getting up to rental standards.

New to real estate do not want to sink first deal.