Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago, 09/05/2018

User Stats

24
Posts
10
Votes
Jim Keegan
  • Investor
  • Chesapeake, VA
10
Votes |
24
Posts

Please gave me advise on a vacant house

Jim Keegan
  • Investor
  • Chesapeake, VA
Posted

I am interested in buying house that has a foreclosure notice on the door.  I don't know what stage of foreclosure it is in and have never purchased a foreclosure before. This is what I know...

1.  The house is in Va Beach 

2.  Bought in 2015 for 210k, Zillow estimate at $370k (so let's say $340k on the safe side)

3.  Real estate taxes owned according to city website is $3k.

4.  The name of the owner.  I unsuccessfully tried to contact him via Facebook. 

5.  House was recently rented. So, I am thinking it doesn't need too much work.

6.  Wells Fargo holds the note.

Here is where I need help from the biggerpocket community.

I am thinking of asking some people who posted on his Facebook page if they can get me in contact with the owner, as his page seems to be unused.  I am also thinking of using a skip tracing service to see if I can get additional contact information.  I haven't been able to find the foreclosure notice in the local paper. 

How should I proceed?  Should  I hire a title company, realtor, or foreclosure attorney to help me?  If I can't find the owner I can bid at the courthouse steps, should  I get a title search down ahead of time?  Any insight would be great!  

Loading replies...