Wholesaling
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 10 years ago,
Dealing with bank
I found what looks to be an ok deal. A vacant property owned by an out of state bank (from chain of title it looks like a credit default swap) that's approx 80k under median value. I have not inspected the inside but from tbe outside I have not seen any issues yet. My question is A) Who at the bank do I contact about the property and B) In these situations do banks take less than they got it for just to get it off their books and C) How are successful offerss presented to banks with these types of properties?