Some banks skip agents entirely and list on sites like Auction.com or Hubzu . Marcus had to create an account and contact their online support to verify his "proof of funds."
Marcus stood on the sidewalk, staring at the overgrown lawn of the craftsman-style house on Elm Street. A "Foreclosure" notice was taped to the front door, curling at the edges. He had the savings, but he didn't have a clue who actually owned the dirt beneath his boots. who do i contact to buy a foreclosed home
Marcus first needed to identify the . Since the previous residents were gone, the "owner" was likely a bank or a government entity. Some banks skip agents entirely and list on
Marcus hired his own agent—one experienced in distressed sales . This person would handle the aggressive paperwork and ensure Marcus didn't buy a house with hidden tax liens. He had the savings, but he didn't have
Depending on the type of loan the previous owner had, Marcus found three different "sellers" to contact:
Banks hire specialized Realtors to manage their foreclosed properties. Marcus looked for the name on the yard sign; that agent was the direct line to the bank’s asset manager.
Marcus realized he couldn't just call the bank’s 1-800 number and ask for the keys. He needed to contact specific professionals who speak "foreclosure."