I've been finding a lot of vacant homes driving for $$'s, however when I skip trace the owner and look up property history on the county website I'm finding in many cases the homeowner's name is still recorded on the deed, yet the lending institution has already taken control of the property.
Why is this? How can I more accurately verify ownership information and circumvent this? And......... How can I buy (or attempt to buy) from the lenders? These houses are a disaster, yet the banks hold them..
If by “taking control” you mean there is property preservation company with a lock box and stickers on the window.....this is SOP for vacant properties in default. The borrower still owns it.
@Wayne Brooks Yes, there are many like that, so that does clear that piece up. But there are also many without. The houses just sit and rot.