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Updated almost 10 years ago on . Most recent reply
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Mysterious Vacant Property
I know of a decent SFH property that has been vacant for 3-4 years. I'd like to buy it if I can get it for a great price. I'm a buy & hold investor with 6 SFH rentals. Here's what I know about the vacant home based on internet and paying a title company to run a report for me:
- orig mortgage 2005, now assigned to Bank of New York Mellon 2011
- 2nd mortgage 2005, MERS Countrywide Bank
- loan servicer is BAYVIEW LOAN SERVICING LLC; they appear to be out of business?
- man and wife on mortgages, ages mid-60s by now; foreign names
- taxes are up to date on the subject property; not foreclosure (really odd)
- mailing address for taxes is different than subject property
- this, 2nd property (address for taxes) is REO (possibly also vacant)
- phone number for man is disconnected; no phone for woman found
How do I proceed? Keep trying to find man & woman on title or can I try to buy the mortgage from Mellon?