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Updated over 17 years ago on . Most recent reply

User Stats

633
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Brandon Schlichter
  • Real Estate Agent
  • Circleville, OH
488
Votes |
633
Posts

Finding Delinquent owner, then acquiring note from bank?

Brandon Schlichter
  • Real Estate Agent
  • Circleville, OH
Posted

Hi there, wanted to know the process and if any of you have delt with this (I'm in Ohio for reference).

I've located a property, the owner is delequent on his payments. I have confirmed this with the bank, the bank has already re-keyed the property and winterized it as well.

The bank is willing to sell the mortgage or do whatever is needed to get rid of the property. I've talked with the clerk of courts of the area the property is in ,and it will go to a sheriff's sale here soon.

I'm trying to see if the property could be purchased prior to the sale.

COULD the property owner sign off on the property and then the possibility of going to the bank, and then go to the bank and purchase the non-performing note?

Thanks!

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