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Foreclosures

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Allison Ezzi
Pro Member
  • Investor
  • Richmond, VA
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47
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Abandoned REO, how do I proceed?

Allison Ezzi
Pro Member
  • Investor
  • Richmond, VA
Posted Sep 25 2014, 08:27

Hi BP!

I have noticed this property that has been vacant for at least two years now. There are notices in the window stating that it is vacant/abandoned. It also has a city notice on it in regards to the out of control grass. Another notice says "Mortgage Contracting Services" with address and phone number, but also states the MCS does not have sale/rental info.

I pulled some information on it the property to find that Chase Home Finance owns it and it was foreclosed back 2010 ( from what I can tell). On the county website it states:

2 - INVALID SALE-3-Foreclosure Related/ShortSale (in the sale description section) in Nov. 2010

Does anyone know what could be going on here? Its been empty for years and needs work.... how can I reach the person responsible for this property and ultimately buy it. Deal with the bank? or find the previous owner? or wasting time?

Any advice please! thanks

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