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Nick Graff
  • Investor
  • Round Lake, IL
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How to find decision maker on bankrupt bank deal

Nick Graff
  • Investor
  • Round Lake, IL
Posted Jul 31 2015, 08:41

I found a vacant house and called the owner. She said she gave it back to back to the bank in lieu of foreclosure. I looked up the bank and they went bankrupt and are no longer in business.

What happens to an REO house if a bank goes out of business? Does it go to probate? Does the state take it over?

How do I find the decision maker on this deal?

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