I been made aware of a situation re a property on NSW Central Coast ( near where I live ). A friend of a friend advised that this property was owned by a lady who passed away few yrs ago and left this house to her 3 teenage children who have been living with friends. Apparenlty they have not paid the bank any payments in last 12mths approx, thus the bank will or maybe have ALREADY, taken the property to recover approx $40,000 owing on it. Now I am wondering whether anyone has had exp in this situation. Could I make offer to bank for the property. What avenue shoulf I take with. I'm hoping they may be interested in a deal for myself to purchase property. Has anyone had exp with this before??