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Updated over 3 years ago on . Most recent reply

User Stats

119
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74
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John Alosio
  • Rental Property Investor
  • Stroudsburg PA
74
Votes |
119
Posts

Driving for dollars REO?

John Alosio
  • Rental Property Investor
  • Stroudsburg PA
Posted

I recently discovered a vacant off-market house. I searched the property tax records, found out that the owner is "Federal Home Loan Mortgage Corporation"

They were deeded the property back in 2019. I assume its been vacant since then. The outside appears to be in good shape.

#1: Why would they sit on a house throughout a fire market?

#2: How would one go about contacting a mortgage company to ask about their abandoned property?

Thank you all in advance!

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