How to find true owner of condemned home?

How to find true owner of condemned home?

Member since 2020 · 8 posts · 4 votes

Hi all!

I am relatively new to the game, and I've been interested in a "run-down" property in my neighborhood for a while. It's a big two-family home in a really nice part of town, but it's abandoned. There are notices on the door for no trespassing, and the place is in rough shape. How do I go about finding the owners, or more information on the property? I looked up the deed, and it's in the name of a major US bank. What would be my next step in making some sort of offer for this place?

Thanks everyone!

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  • Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
    6y

    Then, you already know who the true owner is. It is an REO and you'll have to wait until it hits the mls or one of the nat'l REO auction sites. Calling the bank is useless.

  • Investor · Campton, NH · Member since 2010 · 286 posts · 144 votes
    6y

    Like @Wayne Brooks said - even if it were a local bank, they tend to list it with a Realtor once they own it and it could be any number of months before they get to that point. An auction is an alternative for them but risky for you in that you may not be able to see inside it before or during the auction! Certainly talk to the assessing dept to possibly get some insight on the place. Neighbors, too.......

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