Pre-foreclosure

[Sean Casey]

Ok these might be stupid questions but I'm going to ask anyway. Say I see a pre-foreclosure on Zillow listed for, say 145k. It says foreclosure estimate is 145k but it last sold in 2007 for 170k. How would you go about making an offer on that property? Would you just get an agent and have them submit one or is there someone I could contact directly? Should I do this before an auction is even scheduled? And would it even be worth my time to offer as low as 60k on this property. Some say banks don't like holding properties so they'll take really low offers. Others say banks will always try and get as much out of the property as possible. Thank you for any input!