Bank Owned Property getting foreclosed?? By Who??
Hi Guys,
So, I wholesale and market to foreclosures. Some of the properties I research are owned by banks, how does that work? Who is foreclosing on the bank? They're supposed to be the note holder and beneficiary; what happened here? Is it that bank A got a loan from bank B and used the property as collateral and now bank B is foreclosing on bank A?
Thank you in advance.