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I would like to put a bid on a house that has been forclosed but the bank has not listed yet. Can t

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September 22 2013 - Oak Hill
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Most cases the banks are looking to get the highest amount they can for the house. By listing the home on the open market it is exposed to the largest number of potential buyers.  The bank then has an opportunity to have more than one person competing for the property and increasing the price.

You can certainly try speaking to the bank, but when you go to them you have already weakened your position.  You are not bargaining from a position of strength.
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September 23 2013
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Thank you!  I will contact the bank then.
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September 23 2013
You got cut off, but I think I know what you're asking. 

The answer is maybe.  If it's not listed, but it has been foreclosed on, whether or not you can call them to submit an offer on the house depends entirely on the bank's internal processes and how far along through those processes they are.

Some banks have a set policy, or plans for the property and do not deviate from those guidelines.  Some would welcome a call prior to the house being listed and would gladly consider your offer.

Call them, worst case scenario they say no.  You have absolutely nothing to lose.

Best of luck
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September 22 2013
 
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