Let's Assume I Already Have Financing!
Let's say I already have the money to buy a foreclosure. Do I talk to the company that's foreclosing, or to the owner about a purchase? How do I get the house?
The reason I'm asking is, I got an agent with a house worth 205 and their asking 117,900 for it, leaving you with 87,100. Depending on the LTV with the lender whether it be 65 or 85% you still can make some money with this. But who do I talk to in order to purchase it?
In that case make an offer through the agent (I'm assuming he's a real estate agent working for the seller). If you're getting the price you want always take the path of least resistance. In this case you appear to have a motivated seller looking for just over half of FMV, deal with them.
You only go to the bank, etc. if the seller is asking too much.