I know a bank is the owner of a certain piece of property. The bank has been in possesion of the property since 2004 and [as far as i can tell] it is not currently listed with a realtor or in the local MLS listings. I called the bank but they keep giving me the run around when I try to find an asset manager to speak to. How can I get some information on making an offer on this property.
2006-06-12 13:33:45 · 3 answers · asked by CoCoKauai 3 in Business & Finance ➔ Renting & Real Estate
McBREO.com no longer handles HUD properties in most of the US. The new vendor is HUDHomeSource.com You can look for the property there, but an agent with have a much better time of getting information.
Look at REONetwork.com for an agent to find one that has experience in REO properties in your area. A good one may have the email address for the asset manager, and already have a relationship with them. Asset Managers hate phone calls.
If that property has sat that long there is probably some kind of legal issue preventing the bank from selling it. I have had properties sit for three years before the bank has allowed me to market them. It's not common, nor is it surprising when it happens.
2006-06-13 00:17:23 · answer #1 · answered by Chris G 1 · 0⤊ 0⤋
Usually the bank has turned it over to someone. Get a realtor, tell them the property, and let them do the leg work for you, at no cost to you. The bank will most likely only sell it through a realtor anyhow.
2006-06-12 16:02:40 · answer #2 · answered by BigDaddy 4 · 0⤊ 0⤋
try www.mcbreo.com [HUD] they may have it listed..
2006-06-12 13:38:08 · answer #3 · answered by alleykhad607 5 · 0⤊ 0⤋