Wholesaling
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 11 years ago,
Door/window signs
I acknowledge that everyone's time is very valuable so I will thank you in advance for reading through my post/ question and I especially thank you if you have any knowledge to help settle my questions.
In my local area, I built a pretty long list of possible properties that I could assign over to local investors. I've tracked down mostly all of the owners except for a few "unclear" owners.
These few properties have an owner listed under them but the door/window signs mention a lender protecting and preserving the property. Or it just has a city sticker on them. Some just appear abandoned with no stickers or signs.
As far as I can research, most of these properties have some Notice to Foreclose document on it but no Judgement, Power of Attorney, or Possession doc that tells me a lender is in control of the property (especially with the properties that have no stickers/signs and just look abandoned).
I came across several other properties I thought I may be able to do something with. However, after a little research and digging it was clear that the name on file of the property was some lender, bank, or even the city/municipality. There was a clear Notice to Foreclose doc, Judgement, Power of Attorney doc, and then Possession doc. But with the properties I'm talking about in the above paragraphs, as far as I can research, the owner name stops with a specific individual.
My questions are, may there still be a possibility that the owner of the property has a chance to sell it if contacted? Could a lender own a home even if the name attached to the property at the tax assessors office is a specific individual? And if the lender is in control, is there a way someone could contact them and possibly purchase the property from them even though the home is not on the market?
Thank you for taking the time to answer any of these questions. I really appreciate any feedback.