Zillow Advice: Buying a Foreclosure - How should I word a letter that i'm writing to a bank that has a forclouser that i'm interested in? http://www.zillow.com/advice-thread/How-should-I-word-a-letter-that-i%27m-writing-to-a-bank-that-has-a-forclouser-that-i%27m-interested-in/452127/ Zillow Advice | Zillow Real Estate Wait until the foreclosed ... http://www.zillow.com/advice-thread/How-should-I-word-a-letter-that-i%27m-writing-to-a-bank-that-has-a-forclouser-that-i%27m-interested-in/452127/ Wait until the foreclosed property is assigned to a listing agent, then find yourself a buyer agent to assist you in the process.&nbsp; Banks do not deal with buyers directly. Sun, 22 Jul 2012 21:33:00 GMT http://www.zillow.com/advice-thread/How-should-I-word-a-letter-that-i%27m-writing-to-a-bank-that-has-a-forclouser-that-i%27m-interested-in/452127/ 2012-07-22T21:33:00Z Save your time and ink. The ... http://www.zillow.com/advice-thread/How-should-I-word-a-letter-that-i%27m-writing-to-a-bank-that-has-a-forclouser-that-i%27m-interested-in/452127/ Save your time and ink. The banks don't deal directly with buyers. The REO will be assigned to an asset manager and then the asset manager will list it with an agent that is on their list of approved agents.<br/><br/>The assigned agent will then prepare a BPO (broker price opinion). The bank usually pays a second agent for another BPO, and a full appraisal from a fee appraiser.<br/><br/>The asset manager then decides a price to list the property at, any pre-marketing improvements and a marketing strategy.<br/><br/>Only then can you make an offer after it is listed for sale.<br/><br/> Sun, 22 Jul 2012 20:17:00 GMT http://www.zillow.com/advice-thread/How-should-I-word-a-letter-that-i%27m-writing-to-a-bank-that-has-a-forclouser-that-i%27m-interested-in/452127/ 2012-07-22T20:17:00Z .Is it being advertised yet ... http://www.zillow.com/advice-thread/How-should-I-word-a-letter-that-i%27m-writing-to-a-bank-that-has-a-forclouser-that-i%27m-interested-in/452127/ .Is it being advertised yet or is it still in the foreclosure process? It is very difficult to get any answers or find out any information until an agent has the property listed. It will feel a little like banging your head against a wall. I don't know what type of letter you're trying to write but as a general rule the banks are only interested in the bottom line how much money they will get for the property. Tell us a little more about what you're trying to do. Sun, 22 Jul 2012 19:58:00 GMT http://www.zillow.com/advice-thread/How-should-I-word-a-letter-that-i%27m-writing-to-a-bank-that-has-a-forclouser-that-i%27m-interested-in/452127/ 2012-07-22T19:58:00Z