Driving for dollars $$$

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Hi all,

I have a question that I have been trying to figure out myself but haven’t managed to find a real answer. I recently starting gathering my business plan for a wholesale campaign. I began by driving for dollars and writing addresses down in my neighborhood that could be a potential deal. The majority of the "vacant" or "distressed" had a red sign on them which means they are banked own. My question is Do I still direct mail to these properties? Or now that the bank owns them I won’t be able to do deals with those properties? If anyone can give me an answer or an alternative, it would be highly appreciated.

Best regards,