commercial/residential property
Hi all. I am looking at a property in New York state. Several years ago it shows it was purchased for a certain amount of money. Then a Federal Credit Union purchased it for $1. Now it is showing it is for sale for over $200,000. which is about 15 times the purchase several years ago. It shows a realtor/broker to contact, who I am sure is going to want $200000 for the property. Does one only communicate with the advertised broker or does one contact the financial institution directly? Looking for pointers. This would be a first here. Thanks!