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Updated almost 15 years ago on . Most recent reply

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Oliver Wright
  • Real Estate Investor
  • 92660, CA
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Where in BofA can I find my house that accidentally went REO?

Oliver Wright
  • Real Estate Investor
  • 92660, CA
Posted

My closing fell out because seller held fraudulent title. House went REO. This was about a month ago. I want to find whoever in bank controls it so I can buy it (as intended) before it gets re-listed (or sits and rots). How do I find the asset manager (or whoever can make this decision) to sell me the house. I have cash and will close on the spot. Just want the house!

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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
8,349
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13,451
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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
Replied

Are you 100% certain it went back to the bank as an REO, and did not get bought at the foreclosure auction? If so, then look here:
http://www.biggerpockets.com/bank-reo.html

It might take some time for the property to show up on those lists; given your statements, you'll probably want to check back to their website frequently.

Lastly, even if it became REO, there is no guarantee that you will be able to buy it unless you are willing to grossly overpay. And sometimes REO property will go under contract before the general public even knows it was for sale; so that could confound you even if you are willing to overpay.

So you might just want to keep looking at other houses...

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