Found some distressed properties, next step? (in Boca Raton, FL)
My wife and I have been bike riding for dollars around the neighborhoods we are targeting. We're compiling a list of the junkiest houses and cross checking their status realty trac and property appraiser and have been sending yellow letters.
First question, is it possible to contact trustee and make an offer?
We talked to one nosy neighbor who gave us tremendous detail about a great potential property. Apparently the house has been vacant for 3-4 years and the bank simply hasn't taken possession of the home. The bank sends someone out once a month or so who walks around the house and takes pics, but nothing becomes of it.
Could I do a title search and try to work a deal with lender?
Any suggestions?
I will throw this out there also, if anyone has any real advice for me, I will gladly consult pro-bono as I am a licensed GC (my specialty is structural contracting).
Thanks in advance!!