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Updated over 8 years ago on . Most recent reply

User Stats

16
Posts
2
Votes
Matt Tang
  • Investor
  • madison, wi
2
Votes |
16
Posts

foreclosure owned by bank for 2.5 years

Matt Tang
  • Investor
  • madison, wi
Posted

So there is a foreclosure that I am interested in. The property was foreclosed upon by one of the big national banks. They took title of it in late 2011. I am 100% positive that the former owners do not live in the property and I am 99% sure that it is vacant.

For some reason, the bank hasn't listed it. Is there any reason why they're taking so long? Would it be worthwhile to find an REO agent that has worked with this particular bank and try to have them contact the bank? They have been paying taxes and for upkeep (minimal gas/electric & snow/lawn care) for a vacant property, which seems kind of insane to me.

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