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Updated almost 10 years ago on . Most recent reply

User Stats

145
Posts
60
Votes
Raj Gandhi
  • Real Estate Investor
  • Saint Paul, MN
60
Votes |
145
Posts

Will BNY Mellon sell me the note for a specific home?

Raj Gandhi
  • Real Estate Investor
  • Saint Paul, MN
Posted

There's a vacant home I know of that I'd like to acquire (see my recent posts for more background).  I know that BNY Mellon has the 1st mortgage on the home and I doubt it is up-to-date with payments (possibly 4 years behind).  I do not know why it hasn't been foreclosed.  

If I call BNY Mellon with the property address, would they or could they consider selling it to me (for a discount)?  Or is dealing with a bank that big a waste of time.

There's also a 2nd mortgage and I can't locate the married owners.

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