Properties With Padlocks ?

[Christopher Smith]

Hello Bigger Pockets Family ,

I just had a quick question regarding homes that are empty but have padlocks on them . I was curios if these properties are bank owned . I am a wholesaler and have no interest in bank owned properties (Yet!) . I also noticed postings on homes that are vacant and do not have a padlock , but have postings on the window (usually with blue tape) . I am also curious if those properties are bank owned or have been repossessed by the lender . Your time and feedback is greatly appreciated !

-Chris Smith (New Jersey Wholesaler)