Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 5 years ago on . Most recent reply

User Stats

5
Posts
1
Votes
Drew Culp
  • Martinez, CA
1
Votes |
5
Posts

How to make offer to bank owned property?

Drew Culp
  • Martinez, CA
Posted

I found a property that had a reverse mortgage and the owner relinquished the property to the bank. The property has been empty for 6 months. Any tips in finding the bank to try and make an offer?

Most Popular Reply

User Stats

1,932
Posts
869
Votes
Ron S.#3 Foreclosures Contributor
  • Paradise, CA
869
Votes |
1,932
Posts
Ron S.#3 Foreclosures Contributor
  • Paradise, CA
Replied

Can't make an offer to the bank unless they own it. They don't (won't) own it until/unless they foreclose and no one bids at the sale. Then, when they do own it, they will list it, and you'll talk with their realtor if you want to purchase it but, not the bank.

Loading replies...