Updated almost 7 years ago on . Most recent reply
Bank Owned Properties, how to proceed?
Recently I made a contact with someone who has access to Bank Owned properties. However, I am not sure how to approach the subject without making some stupid mistake. I don't want to burn a bridge.
So before I start a conversation, I am trying to learn as much as I can on the subject. Is there a rule of thumb of how to present an offer to the bank and how much? Some of the houses are over $400k marker value but only $2000 owed to the bank... What should I do? Is there a form to use to submit the offer? WHo do I talk to at the bank?