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Updated about 10 years ago on . Most recent reply

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Todd Molter
  • Investor
  • Everett, WA
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Getting the banks managing forclosures to talk to you.

Todd Molter
  • Investor
  • Everett, WA
Posted

I keep finding forclosures but I can't seem to get the banks that own them to deal with me. So much "not my department" and tons of run around.  Seems they prefer for it to go to auction.  Any advice?

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

yes, they want market value, and they only get that by exposing them to the open market.  And can you imagine the headaches if they tried to deal with thousands of individual buyers trying to buy individual properties, one at a time?

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