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Is this a bad idea?  The house has been on the market for a long time and has two mortgages, both with BoA.  I know what they owe, approximately.  The house has now been reduced to $575,000 and is assessed at just over $700,000.  They owe about $100,000 more than the sale price.  We don't know if there has been an appraisal, but there has been an inspection and it is in good shape.

My questions are these:

1.  Should I ask them to get the process started before our offer or does the offer get the process started?

2.  If we review the comps and put in a fair offer, what else should we be thinking to get it accepted?

3.  Is there any way to push the timeline along?  We are planning to hire an attorney to negotiate the deal.  

Any other advice?  Thanks.