Abandoned REO, how do I proceed?

[Allison Ezzi]

Hi BP!

I have noticed this property that has been vacant for at least two years now. There are notices in the window stating that it is vacant/abandoned. It also has a city notice on it in regards to the out of control grass. Another notice says "Mortgage Contracting Services" with address and phone number, but also states the MCS does not have sale/rental info.

I pulled some information on it the property to find that Chase Home Finance owns it and it was foreclosed back 2010 ( from what I can tell). On the county website it states:

2 - INVALID SALE-3-Foreclosure Related/ShortSale (in the sale description section) in Nov. 2010

Does anyone know what could be going on here? Its been empty for years and needs work.... how can I reach the person responsible for this property and ultimately buy it. Deal with the bank? or find the previous owner? or wasting time?

Any advice please! thanks

[Mark Pedroza]

Originally posted by @Allison Ezzi:

Thanks @Cal C. @Rick H. and @Wayne Brooks 

 I appreciate your feedback! Seems that this property could be a waste of my time...I drive by it often, so I'll just keep an eye on it. I also read on another forum to see if there is an agent/agency that typically works with Chase (in this case) and try to gather info that way. Maybe I'll reach out just to find that it is in-deed a fruitless venture!

Rick- I plan to check out your website as well as follow you as I see that you are the probate guy....I am VERY interested in this niche and probate properties as a whole (one of the reasons I became interested in REI). My family and I are currently dealing with my grandparents property in which we would ideally buy out the other siblings ownership....easier said then done! I would love to soak up some of your wisdom!

Thanks again!

 When you view Rick's website make sure you read the testimonials. He's the go to guy not only in So Cal but CA as well...