Foreclosures
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago,
Getting a bank to negotiate an unlisted REO?
There is an abandoned REO across the street from where I live and managed to get the full story from a city commissioner. He informed me that BOA foreclosed on it almost 10 years ago and has never tried selling it. The power is still on and the bank sends someone over to cut the lawn; likely to avoid city fines. The comissioner wants it fixed up and occupied so the city doesn't spend years trying to get it back through condemnation.
Is there anyway to get the bank to discuss selling it?