2 foreclosure questions
My predicament is this: I'm supposed to close on the sale of my house in about a month. There is a foreclosure I like that needs some work but I'm willing to fix it up. I realize banks don't accept contingencies on REO's so logic would have it that I wait until I close to put in my offer. On the other hand, I'd like to get the process started sooner but not be caught with my pants down by having the process go so quickly that the bank is ready to close before my house closes.
Is this a feasible idea: Make the offer 3-4 weeks before my close, order an inspection which could take a week or so and then try to set a closing date a few days after my closing date?
My second question. Does anyone think it would be worthwhile to go to the bank that owns the REO and try to talk to someone in person who deals with them as opposed to going thru the agent hired by the bank to sell the property? I was thinking if they could see the buyer in person and see they were serious buyers and willing to give a fair offer, it might give them a "leg up." Appreciate any input.