List of Bank owned Vacant Foreclosed Homes

[Shahriar Khan]

All right, after some networking I have found a "Bird-dog" who does inspection for vacant foreclosed homes owned by Banks (chase/Wells Fargo etc) , which are not in the market.

He is willing to give that list at a regular basis (I have received couple of sample addresses also). But I am wondering what I can do with that list or who/what department I need contact for that particular bank.

Also, I have pulled out some of the tax records and it shows that some of properties have a fiduciary information (which is a law farm), and I don’t know the interpretation f that either.

Any comments and/or pointers would be highly appreciated.

Thanks

[Will Barnard]

The only value in this type of list is that you can now drive to each location, get teh contact info of the person managing the property (via the paperwork pasted in the window) and contact the broker.

This gives you potential leads to REO list brokers who you can form a new relationship with. This saves you from driving all around town looking for these properties yourself - that is the ONLY value.

Once you do form relationsjips with these listing brokers/agents, you can then start getting offers in to the banks through them before they go on the MLS and your offers can be "pushed through" ahead of others.
This does require some serious time and leg work to build the relationship first!