Who ya gonna call???

[Michael Baybut]

Hi,
I tried to buy a SS about 6 months ago but couldn't get it done before the bank foreclosed on it. Taylor, Bean and Whitaker. Appears they themselves filed for bankruptcy a while back. It's their name in public records as new owners. A servicing Co is managing it and they are waiting for the tenant to vacate before they list it. Here's my question, (at last) Can I call Taylor, B & W and see about purchase or should I just stick with dealing with the servicing Co? I've seen countless examples on this site about getting REO's BEFORE they go on the market. I would love to get this property before it hits the market.
Thanks,
Mike

[Anson Young]

Never hurts to try, honestly. If you can get to their asset management department that is. Possibility is the servicing company was hired to do the outsourced selling, and calling the bank would be useless. ie. the servicing co holds the keys, and have a final % the bank needs to make and dont have to run an offer up the ladder to get it approved.