Banks Unloading properties?

[Steven Hershey]

Good Morning BP! I had a questions about banks unloading properties before year end.

I have heard that banks want to unload their ROE's before year end to get them off of their books. How true is this and how low can you get these properties? is it first come first serve and do they literally give these properties away for pennies on the dollar?

What is the best way to get a hold of these bank's ROE properties? any internet sites? or is it best to just walk into a bank and ask? I have been having a hard time locating emails for the real estate side of the bank's operations. Best way for me to get names was to apply for loans and then I went on to ask about their properties once I got in direct contact with their sources. I have not had much success with info on ROE properties.

Any insight is great! thanks.