Hello Diego. I have been working short sales and REO's, also known as bank owned propeties for a few years now, so I have a few questions for you. Is the property a bank owned property or is it a short sale? If you are still living there, it is a short sale, if not then it could very well be a bank owned property. If you want to purchase the property, you need to know if you qualify to purcahse the property. You can go FHA, which is 3% down and yes you can negotiate with the bank. One thing I must advise you of, please find an agent that can really help you and has experience in short sales and REO's. If it is a short sale you need to move quickly because short sales can take up to 6 months. If you need assistance I would be happy to help you. Please e-mail me firstname.lastname@example.org.