The boa can't possibly give you clear title, because You still have a mtg on the property.  

NOT a BoA, Chase, Wells Fargo).

I called the bank listed on the Foreclosure notice, BOA, and they informed me that they no longer owned the property and were just servicing it for the current owner.

To add some info and to clear up some misconceptions from this thread:- You can *NOT* assign an REO, per the addendum you will sign along with the purchase contract;- A few banks (most notably FNMA and BoA) have deed restrictions that say you can't resell under certain circumstances after you buy.

I've been battling with BOA for years now and really can't stand these dishonest jerks anymore.

When I think of local, a community bank or credit union comes to mind as oppoosed to large banks -- Fidelity, BOA, etc.

Didn't really matter as it was about maxed anyway.That was with BOA, who I believe are no longer doing them.

Hello Randal,I was on another site and read similar stories about BOA, so I started digging.I found contact info for a Senior VP in Loss Mitigation in NC if that helps you.

In general, I avoid large Banks like Chase, BOA, or Wellsfargo. 2) I would consider using a property management company that will help you not deal with the day-to-day management of property. 3) Buying cash is good because it gives you leverage in the negotiation but, if I were to buy cash, I would immediately refinance with 20% down to increase my cash on cash return and use my money elsewhere.4) I would try to get a HELOC on the $650K property to have more liquidity if needed.

BOA or evil Wells Fargo all said they will not loan to LLC.Really appreciate your sharing.