My Rental Home is in Foreclosure, Finding Owner to Offer

[Kurt P.]

hi, I know this is not the typical post but imagine my surprise when it turns out the home I rent is in pre-foreclosure! finding a lead never got this easy..

I am ready and willing to make a offer to the owner, but he's out of state and I can't find him. Rental agency is a stonewall, paid peoplefinders report was close, but no current address or working number.

The foreclosure documents, which of course a copy of came to 'my' home, list the mortgage servicer - Green Tree - but not his lawyer or info. If I had to guess I'd say he's got  some equity left in the home, but it's close. I know the rental's now are plenty to pay this note, but he's been skipping the bill I guess.

Any ideas of how to track an owner down, can I search recent court records? I'm in NY state and here this kind of thing can take a long time, but I'd like to at least make a bid to him if I can.

thoughts welcome.

Kurt

[Larry Turowski]

@Kurt P. Don't get too excited.  There are lots of houses in pre-foreclosure.  I assume you'd be doing a short sale.  In my experience, only about 1 in 10 short sales work out.  I mean 1 in 10 where the owner is willing to sell.  9 out of 10 times the bank will want too much.  So I wouldn't jump through hoops trying to track this guy down thinking this is a sure thing.