When buying a foreclosure or REO property..Can you make an offer below the price that bank is selling for? How does purchasing in a auction work? Do you preview the house before and make a bid in the auction (minimum of bank owed amount?). I am looking at the list of Realtytrac.com and about P, A, B properties, how or who can I contact regarding the property to find more info about auctions, condition and etc?Also the listed price in Realtytrac.com, is that the absolute minimum you need to offer for a bid? Thank you...January 29 2008 - US0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.