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Updated over 14 years ago,
Renter victim of REO
The owner hasn't paid the mortgage in 3 months; abandoned his property, with tenants still living in the house.
The tenants are interested in buying the house so they can remain in the property, but are unable to contact the owner or get any info from the bank:
What can the tenants do to position themselves to make an offer once the bank forecloses? Thanks - Brandon