Intro Post/ REO Question

[Mia Delina Escobar]

Hi BP! 

I'm new to the community via the podcast, and also real estate investing. I am in PA focusing on the Philadelphia and Bucks County areas.  I have been researching and deal crunching, and now I have some questions that I am hoping ya'll can field! 

-When you find an REO that may still be in the redemption period, is it best to contact the previous owner (who is still occupying the house) and propose a deal? If not, what is the best route to action? 

-From experience- what is the best way to approach the previous owner? Mail, Phone, or Knock on the door?!

 Excited to join the discussions!! 

Mia

[Wayne Brooks]

I find it hard to believe that  a legit bank would even attempt to sell a house that still has redemption rights.