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Updated over 9 years ago on . Most recent reply

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16
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1
Votes
Dre Couch
  • Florida
1
Votes |
16
Posts

REO ?

Dre Couch
  • Florida
Posted
I have 2 house on my street both owned by banks, how should I go about things if I wanted to wholesale these properties neither is on the market ...?

Most Popular Reply

User Stats

37
Posts
12
Votes
Robert Crawford
  • Involved In Real Estate
  • Santa Monica, CA
12
Votes |
37
Posts
Robert Crawford
  • Involved In Real Estate
  • Santa Monica, CA
Replied

You can try two things:

1. Write a letter to the bank on record (call and find out who the asset manager is) and let them know you're interested, at least they can let their preferred realtor know.

2. Contact a Realtor in your area that specialized with REO and may have a relationship with the bank.

There is a legal process that happens and an internal bank process. Makes it more difficult but picking up the phone and trying to reach the right person at the bank could lead to something.

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