Try to understand the depth of foeclosure procedure

[Derek Griggs]

I have passed by this house for years on the way to work. I even called about it when I was looking to buy a house. It was a very nice place, well kept in a nice area. years later someone bought it and slowly went down hill and then empty. Stayed empty for awhile and I googled it and it went up for auction.I guess it didn't sell because its still empty and someone barely mows the grass (probably a management company for the mortage company). I went to the county PVA and found the mortage company who has it but it seems like a brickwall to get to the person who could tell me what it would take to get this house. I have been reading on some old blogs but they all seem to be talking to agents about getting REO listings. I would like to read a book or anything that would explain whats going on behind the scenes.

[Wayne Brooks]

So, does the bank actually own it now, yes or no.  There are multiple reasons why a bank would have taken back a property and not put it up for sale yet.  You could have redemption periods there they are waiting out or there could be title issues, which are common.

When they Are ready to sell they will either list it with an agent or put it on the REO auction sites.....they won't/can't sell it directly to you.