hello everyone. here is my question. first let me explain the situation. i like to look into investing in " zombie" houses, i. e. those houses that are in foreclosure or pre-forclosure that banks have dropped from their portfolio. i know of a house that was vacated by the owner in approximately 2010. originally financed by countrywide, which was bought out by bank of america. there has been NO litigation filed on this house by the bank, NONE. not even a start of a foreclosure. the owner filed bankruptcy in 2013. the house has been vacant since she moved out in 2010. no one is taking care of it. it appears the bank has lost intrest in the place. there was  a $40k mortgage on it, and the place would be lucky to bring $10k right now. my question:i know i can buy the intrest of the house from the original owner. i believe i can talk her into this. ( i have done it before). how can i get the bank to either file the release of lien on the place or finish the foreclosure so i could perhaps buy it from them?  

Eddie, Banks are not in the business of promoting commerce.

Again I'm not all about promotion on BP forums so If you want to know more just PM me.Randy

Is it to save a little bit of money having to list it with a realtor and them taking the 1st months rent or w/e the agreement is for payment?

This podcast promotes and educates following the Lifestyles Unlimited model which is a group out of Texas and the podcast is a recording of their radio show.

Just stopping by to promote this meeting by bumping it up to the top.I still plan on attending.

They also say that the house is close to E.

I also continued to educate myself by reading posts here on BP, I read Rich's book, I attended a local investment group meeting (FIBI in Pasadena), I read a summary of the E-Myth revisted, and I had lunch with a succesful real estate investor in my area.

Thanks for your transparency (and courage that goes along with it).Until that time comes when you want to promote a product, make sure you keep promoting yourself and your knowledge daily.

This site screams integrity and that is something that you can not find on many other big named r/e sites.