REO - wait for listing agent or contact bank
Hello all,
There is a home in my neighborhood that has been forclosed and I think it would make a fantastic rental property. I contacted the listing agent (found this on the window of the house) and he said that the house in not yet on the market, no list price yet. He expects it to be on the market in the next couple of weeks.
So, in this scenario should I try and contact the bank directly and see what their break even point is, or should I wait until the listing agent contacts me?
Do I stand a better change at getting the property cheaper if I deal directly with the mortgage company?
The County webiste lists FEDERAL HOME LOAN MORTGAGE CORPORATION as the owner. Anybody have advice for dealing with Freddie Mac?
Thanks!!