I am not sure how to direct you maybe another person will know. What you are asking of a Realtor is how to bypass what we do for a living and how we make our living, by selling real estate.
Our job is to get the listing, market it and close the deal. Sometimes this takes months of working with the bank. It is never easy to deal direct with the bank and my understanding is they don't like doing it either. With that said you are trying to buy the house before anyone else knows about it and I applaud you for your insite.
I wish you good luck.
You should be able to go to the county and do a title search. I am sure you can do this online as well through the county.
I am a preferred Real Estate Owned listing agent for another large institution. As stated previously, I do not know of any way to bypass the process of the bank receiving the property back and then putting it on the market to be sold by a Real Estate broker as an REO property. They will typically list it on the Multiple Listing Service and expose it for a period of time to allow the market to determine the price a ready, willing and able buyer will pay. Also as mentioned earlier, the buying process in California is a myriad of disclosures, inspections, and legal nuances that we, as Realtors, deal with every day. Buying an REO is even more difficult as there are less disclosures and more due diligence on the buyerâ€™s part. Feel free to contact me if you have any questions or want to discuss this more.
-Greg Corvi-Coldwell Banker
Going "solo" with a real estate transaction could be inviting big problems in the future. To answer your question about buying directly from the bank....banks don't deal directly with buyers when it comes to disposing of distressed property sales. They work through the system...a system that involves real estate professionals. Your best options to obtain one of these properties are an auction sale or a foreclosure.
There's a lot more to a property sale than meets the eye, especially a distressed sale. By taking your proposed route you could be embracing a mountain of trouble that could be avoided.
My best advice....revisit your plan!
We are Realtors and you are asking us to help you bypass us;
We have spent years learning our trade, and you want us to give it away.
When you go into other businesses, (that you cannot duplicate yourself), do you always start off with an insult?
This will direct you to the listing agent of the property. This person will represent the bank. You may want to have your own RealtorÂ® to represent you.