Foreclosure - Posted by Steve

import · August 17, 2004, 2:27pm

Posted by Dave on August 26, 2004 at 12:49:55:

I believe that you would have to find whoever holds the note. In a foreclosure, 9 times out of 10 the property goes back to the bank. So it doesn’t matter who was ever on title. If the bank foreclosed on it and no one bid on it then it probably went back to the bank and they currently own it as a Real Estate Owned property or REO. Therefore, they would be the ones you would have to speak to.

import · August 17, 2004, 2:27pm

Posted by Steve on August 17, 2004 at 14:27:24:

If a foreclosure house is found to be abandoned, can I call the holder of the mortgage and ask them about buying the foreclosure property? Or do I "have’ to track down the owners to get permission to talk to the mortgage holder?