Condo Unit Next Door in Pre-Foreclosure
I was checking out Realist to see if it had been updated with my latest purchase, and noticed that the unit next door was in pre-foreclosure. It looks like a couple bought it, deeded it to an LLC and now live out of state - so I'm assuming the current occupant is a tenant. Bank is Wells Fargo. Based on the mortgage, they probably owe about 3 times what I just paid for the unit next door.
I'd like to reach out to the bank to see if they're willing to make a deal without going through the asset management/listing process. Has anyone had any luck with calling up the bank and making an offer once the foreclosure is complete? Any luck with this bank in particular?
Ursula