Originally Posted by Dennis Rodman

A good way to do such a thing is to contact the current homeowner. You can find out the homeowner as long as you have the address by going to the state or county's tax website and/or courthouse. Contact the owner and ask what their intentions may be.

If they are going to let the house go anyways to the bank, ask who their lender is. Attempt to make a deal with the homeowner that if the bank will shortsell the home, you will throw him a bone (Like 5k). The bonus will also be a great incentive to have him work in your favor with his own bank, because most likely the guy is broke or near broke and will need another place to live after he gets the boot. Money will most likely grease the gears of getting all of the inside information that you need. Of course make this contingent upon the deal going through.

So for instance, home A is going through the foreclosure process. Steve (the homeowner), owes Bank of America $150,000 on the remainder of the note. The house is say worth $250,000.

Contact Bank Of America and let them know that you would like to purchase this home outright for what the lendee owes them. Let them know you are a cash buyer and can close quickly hence saving them the enormous cost and hassle of hiring lawyers and going through the legal processes of foreclosure. They may even stew on it a week or two, and they might even counter offer. No big deal... roll with it. If it's not for you just move on to the next.

More than once this has worked for people and it is worth a shot. Good luck.