Buying a bank owned property
Hey BP Community! I'm over here scratching my head and I thought I would reach out to all of you to see if you can help me answer my question.
I have my eye on a property that is owned by a bank, but instead of listing it for sale, it has been tax delinquent for 4 years and they are not planning on listing it. If nothing happens, they will lose it at the tax sale. Does anybody know why the bank wouldn't want to list it and get it off of their books?