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Updated about 10 years ago on . Most recent reply

User Stats

145
Posts
60
Votes
Raj Gandhi
  • Real Estate Investor
  • Saint Paul, MN
60
Votes |
145
Posts

Mysterious Vacant Property

Raj Gandhi
  • Real Estate Investor
  • Saint Paul, MN
Posted

I know of a decent SFH property that has been vacant for 3-4 years. I'd like to buy it if I can get it for a great price. I'm a buy & hold investor with 6 SFH rentals. Here's what I know about the vacant home based on internet and paying a title company to run a report for me:

 - orig mortgage 2005, now assigned to Bank of New York Mellon 2011

 - 2nd mortgage 2005, MERS Countrywide Bank

- loan servicer is BAYVIEW LOAN SERVICING LLC; they appear to be out of business?

 - man and wife on mortgages, ages mid-60s by now; foreign names

 - taxes are up to date on the subject property; not foreclosure (really odd)

 - mailing address for taxes is different than subject property

- this, 2nd property (address for taxes) is REO (possibly also vacant)

 - phone number for man is disconnected; no phone for woman found

How do I proceed?  Keep trying to find man & woman on title or can I try to buy the mortgage from Mellon?  

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