All Forum Posts by: JH Bridge

@Aaron , thanks for your advice. It's helped out tremendously.

@Minh, I appreciate your input to my question. It reinforces what Aaron was saying. The owner isn't upside down, but I don't think he cares about his credit, and is willing to just let it go to auction.

@ Aaron,

I appreciate the reply & advice. The reason I was pursuing this possibility was because the owner is the father of a close friend of mine. I thought it could be a possible win-win situation for both parties, but it sounds like that is not necessarily the case.

I am in need of a little guidance. There is a SFR that I'm working on, but can't seem to get anywhere with the powers that be.

An NED was filed with the county and an auction date is set. The owner signed a deed in lieu of foreclosure over to the mortgage servicer ( I believe he thought he was signing it over to the bank). I have called that servicer, but they can't do anything because they only service the loan. I have tried calling the bank that was on the original deed, but they said that they have since sold the loan. There is an attorney listed on the NED, and I called them. They state that they can't do anything without the owners consent (which would be the bank, right)? I am at a loss as to who I need to get in contact with to even submit an offer.

I don't know how to find the person or entity that actually owns & holds title to this property. I am not very experienced and would greatly appreciate any advice on things I may be overlooking or just flat out missing.

Thank you,

JH Bridge