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So, question is- can i somehow find out which bank owns the homes and deal directly with their asset manager? I mean, the homes are sitting there, listed and not sold for two months, in an area where REOs are sold in days! As has been posted many times on BP, the REO game is all about relationships.
How do I find out what bank owns a. Found a place I absolutely love. According to various paperwork on the home, it has been foreclosed on, the earliest date I saw was October 2012.
Bank A financial institution that accepts deposits and withdrawals of money. There are two kinds of banks: Commercial Bank: A traditional bank that provides services such as checking and savings accounts, credit cards, and home and auto loans. Investment Bank: A bank that specializes in services for companies rather than individuals.An investment bank sells and manages stocks and bonds.
Another way to find out who owns the loan is through the Mortgage Electronic Registration System, Inc. (MERS). MERS is a company that was created by the mortgage banking industry. It maintains a database that tracks mortgages for its members as they are transferred from bank to bank.
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You can find their names next to the foreclosure listings on websites. agents and told them I was available for the clean-out work. I know sometimes they may refer you to the bank that owns the.
If you want to invest in foreclosed commercial property, you need to identify properties that fit your specifications. Although foreclosure laws vary somewhat from one state to another, the.
The lender will also want to see bank statements and other documents supporting. At this point, the home is known as a real estate owned property, or REO.
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Buying a duplex foreclosure is a great investment considering that it’s basically 2 for 1. Find great deals on duplex foreclosure homes for sale.
One can find foreclosed properties in multiple-listing service (mls) periodicals and websites, via online real estate searches, bank offices and sites and local newspapers. There are many websites.