What Am I Missing . [WAIM]

[Kimani Kironji]

Am looking for better ways or formula .... I reside in Wa I have being coming across a lot of Abandoned SFR . I have been to the county offices and online to find out about the house and not been able to move past that.i.e. Been unsuccessful in contacting the right owner. So I subscribed to White pages for a monthly fee but still not successful Some of this homes have been abandon for more than 12-15 months but someone pays the property tax. Some of the homes are not on MLS and have not been for long while . Example I got one that US bank has the mortgage .. it’s been vacant for almost 15 months no one leaves in the house ... it’s been boarded up by the city ... but still no one know the real owner , the property tax is current. How can I break this cycle or better yet is there something am doing wrong and need to correct it. Any tip / help Will be appreciated.

[Jennifer Petrillo]

You could pay for a title search, I have done this at times when I cannot get accurate information from the county or online records. Sometimes these houses sit for years on the books of some bank that doesn't even know the value of the asset they hold (in fact, they've never even seen the house, just bought a package of liens that the house was part of), they get sold multiple times to other banks, it can be a very twisted trail...eventually the bank holding the property will decide to liquidate it and it will go to county auction or end up as an REO property, often by that time the property has sat empty for years and deteriorated, which can work in your favor since you can make lowball offers on these distressed properties that no one else wants. But I agree with you, tracking down current ownership can be really frustrating....