How can I Pursue this property?

[Anthony C]

I am following a property that was briefly for sale and then owner walked away from and stopped making payments on. She will not negotiate with anyone any longer and has vacated the property and left town. The property as much as I can find is lis pendens but the owner's listing agent also does not want to deal with the property and has moved on and doesn't return calls.

How can I pursue this property? Go to the courthouse and find the creditor? What exactly do I ask for if that is the case?

Thanks!

[Jon Holdman]

Only the owner can sell a property. Until the foreclosure sale occurs, it still belongs to the owner and she will have to be involved in making a deal.

You can wait until the sale occurs, then try to buy it "on the courthouse steps".

If nobody bids, it will become a REO and you can try to buy it from the bank. They usually list with an agent and you'll have to buy through the normal process.

If someone does bid and win, you can try to buy it from them.

You could approach the creditor and see if they would sell the note. If so, then you can approach the owner as the creditor and try to negotiate a deed-in-lieu. If not, you would do the foreclosure.