Bank Owned Property getting foreclosed?? By Who??

[Albert Arguelles]

Hi Guys,

So, I wholesale and market to foreclosures.  Some of the properties I research are owned by banks, how does that work?  Who is foreclosing on the bank? They're supposed to be the note holder and beneficiary; what happened here?  Is it that bank A got a loan from bank B and used the property as collateral and now bank B is foreclosing on bank A?

Thank you in advance.