Chase Prime REO Help

[Bryce Canfield]

Hi everyone.
I wanted to say what an awesome resource this forum is...

I joined today (so yes this my first post) specifically to learn how best to approach (steps to take) towards said bank regarding a property that they have taken back.

Home is now owned by Chase Prime
It has sat empty for well over a year.
It has 3 mortgages on it.
Retail for home is 365k
Mortgages and Fee's total 700K

Home does have some needs (remodeling cost roughly $75k)

I just finished reading this: http://www.biggerpockets.com/renewsblog/2009/10/05/top-20-tips-making-offers-freddie-machome-steps-reo-properties/

Hoping to compile something similar as the above article, like a short to do list.

I am not emotionally attached to the property and do understand it may not be doable but I would like to give it my best shot since my wife and I both love this home..

I appreciate everyone's input in advance..

Bryce