Next step...

[Curtis Cecil]

So after looking around at a few houses, my partners and I have found a property that we can to purchase and flip. The house is a foreclosure and it is owned by a bank. We viewed the house and found that it was stripped of everything in the house and needs a complete gut and rehab.

Mind you even the roof mounted air conditioning was ripped out so it need probably about 40-45k in work.

Now it's list at almost 60k and it is in no way worth that amount. Not even 10k but we are willing to put 15-20k cash to them to get it. My question is this, I found which bank holds the loan and found that Fannie Mae owns that company.

Should we just have our realtor put our offer in or is there a way to speak someone directly to tell them our offer and why we are offering such a lower price? What would be the best step to secure this home?

Thanks for any information.