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Updated over 10 years ago on .

User Stats

35
Posts
4
Votes
Kevin L.
  • Residential Real Estate Agent
  • Ashburn, VA
4
Votes |
35
Posts

After acquiring REO property, what's next?

Kevin L.
  • Residential Real Estate Agent
  • Ashburn, VA
Posted

I purchased a bank owned property and will settle in a few weeks. Its a condo in a building, therefore, I can not see from its window if anyone still lives in there. Listing agent does not have access information, neither does bank.

I'm wondering what I should do after settlement. I will knock on door first for sure, but If no one opens the door, should I get a drill to get the lock removed and get door opened? LOL, never thought I would do that.

If there is someone living in there, I will follow eviction process.

My question is, after settlement, can I drill the door open since bank does not even have the key to pass to me.