vacant house owned by bank or trust

2 Replies

I am looking into a couple of vacant houses in Sacramento. It turns out one is owned by a bank, the other is owned by a solo 401k trust. For the first one, I am afraid I can do nothing but wait for its listing on market, right?

For the second one, can I send a postcard to the trust? Well, probably the trust owner is not motivated to sell. Any idea?

Call the bank and find out. Write a letter to the trust and find out.

You miss every shot you don't take - Wayne Gretzky

Take a shot. You never know.

Good luck,

Ted

Starting 2016 many bank owned ones are on auction sites. You need to pay an auction fee. 

As for the other you never know. Most likely others have not heard anything either.

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