How to find decision maker on bankrupt bank deal

[Nick Graff]

I found a vacant house and called the owner. She said she gave it back to back to the bank in lieu of foreclosure. I looked up the bank and they went bankrupt and are no longer in business.

What happens to an REO house if a bank goes out of business? Does it go to probate? Does the state take it over?

How do I find the decision maker on this deal?

[Account Closed]

Borrowers say all kinds of things that are inaccurate or that they don't understand.  Is there a recorded deed from the borrower to the bank?  If not, for your purposes she's still the owner.  Did the borrower file BK?  Definitely check on that.  I'd not look for bank info until you are sure who the owner is.

If you want to send me the address, I'll look it up and see what my data says.