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Updated almost 11 years ago,

User Stats

277
Posts
187
Votes
Ursula B.
  • Involved In Real Estate
  • Winston-Salem, NC
187
Votes |
277
Posts

Condo Unit Next Door in Pre-Foreclosure

Ursula B.
  • Involved In Real Estate
  • Winston-Salem, NC
Posted

I was checking out Realist to see if it had been updated with my latest purchase, and noticed that the unit next door was in pre-foreclosure. It looks like a couple bought it, deeded it to an LLC and now live out of state - so I'm assuming the current occupant is a tenant. Bank is Wells Fargo. Based on the mortgage, they probably owe about 3 times what I just paid for the unit next door.

I'd like to reach out to the bank to see if they're willing to make a deal without going through the asset management/listing process. Has anyone had any luck with calling up the bank and making an offer once the foreclosure is complete? Any luck with this bank in particular?

Ursula

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