REO Standstill - MTGLQ and Selene Finance

[Lee Gagnon]

I found a property that's been abandoned for over two years that I would like to pick up and flip.  Beautiful cape in a nice neighborhood.  Did some research and found out that the property was originally bought in 2007, foreclosure began in 2012, and was assigned to/bought by MTGLQ Investors LP (Goldman Sacs) in July of 2017.  Called the phone number for MTGLQ and got forwarded to a Goldman Sachs switchboard.  The operators at the switchboard forwarded me to a voice mailbox for MTGLQ (which apparently is the only way that you can talk to anyone at the subsidiary), so I left a message.  The next day I got a call from MTGLQ and they told me I had to talk to the servicer about short sales/ etc.  They could not provide to me who the servicer was or any other information pertaining to the property.

As luck would have it, the clerk who works in the town office of the property was able to tell me that the taxes on the property were paid by a Selene Finance (which I'm assuming is the servicer??) Selene Finance customer support will NOT provide any phone number to a REO department, insisting that any inquiry be made through email to the REO Department. After many attempts with no luck, I'm stuck at a standstill.

Has anyone been in similar predicaments?  What additional avenues can be taken to learn more/ get in contact with someone who can further assist in my short sale goal?

Additionally - has anyone had similar run-in's with Selene Finance or MTGLQ Investors LP?  Or have any contacts/advice that would be beneficial to me

[Christopher Phillips]

@Lee Gagnon

Banks and servicers don't talk to the general public about their REO properties. You have to wait until they assign it to an asset manager and put it on the market with a listing agent.