Yes but only if you are an entity that is largely recognized and heavily funded where you can contact lenders and buy chunk or blocks of their toxic assets, ex: whatever they have in 5 square miles and you cannot pick and chose which you want ...you have to take all.
As Lynn mentioned, the reason why they go through real estate agents if that they are not staffed to handle the flood of individual investors.
But, if you think you will get a super great deal buying a short-sale or a foreclosure - wrong! - but you can get a good price for those properties.
In my experience, I was not able to purchase real estate directly from the bank, their answer was always we are not in the real estate business and they will tell me to wait until it gets listed with a real estate agent. Please feel free to email me or call me with any other questions.
Best Regards, Valerie with Castelli Luxury Real Estate
Thanks for posting your question. As stated, the banks work through asset managers and foreclosure agents. Both short sales and foreclosures are done through Realtors, and not with a buyer directly to the bank. I work with many foreclosures and short sales and can help you in purchasing any property available. I also sell many short sales and am an expert in this field.
If you wish to find out more information about a foreclosure or if I can assist you in any way, please contact me.
Thanks, and good luck.
Lynne Hale, Broker-Associate, CRS, e-Pro, CIPS
Century 21 Hansen Realty Inc
a realtor with the special education and designation like SFR is a good representative for your interests when dealing with bank owned properties because they know what to do, whom to contact and avoid pitfalls.
If you are interested let me know. It will be me pleasure to assist you.
Andrea Hoff-Domin, Lic. Real Estate Broker
Florida Dream Homes Realty
Unless you're a savvy and seasoned investor, you may want to explore bidding on county courthouse steps on properties about to foreclose.
Here's a Foreclosure Auction Guide you may find helpful
You need a realtor to deal with the bank.
Please call me if you would like for me to help you.
Giovanni Ferrarri, P.A., Realtor