Tenant trying to buy bank-owned real estate

[GregW]

I would call the bank now and make them an offer. They are in the business of renting money not property and a deficient property can hang around them for months in this buyers market. The worst they can do is say no. If that happens you are still in the same situation and can make an offer after the sale.

Checking with a RE lawyer was the first thing to do. Congratulations

[olecapt]

Uhhh..guys. Who owns this property?

Think about it. Now do you think the Bank should sell it?