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Updated over 6 years ago on . Most recent reply

User Stats

11
Posts
26
Votes
Andy Vaughan
  • Rental Property Investor
  • West Monroe, LA
26
Votes |
11
Posts

Buying SFR direct from foreclosed mortgage company

Andy Vaughan
  • Rental Property Investor
  • West Monroe, LA
Posted

Has anyone successfully bought a property from a mortgage company that has already foreclosed and tried multiple times to auction the property? A SFR that has been on an auction site for 6-9 months and has never met the reserve is opening up again. I am wondering is there any way to do an end around and talk with someone direct at the mortgage company to buy it that way? Anyone have experience with this?

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