Will BNY Mellon sell me the note for a specific home?
There's a vacant home I know of that I'd like to acquire (see my recent posts for more background). I know that BNY Mellon has the 1st mortgage on the home and I doubt it is up-to-date with payments (possibly 4 years behind). I do not know why it hasn't been foreclosed.
If I call BNY Mellon with the property address, would they or could they consider selling it to me (for a discount)? Or is dealing with a bank that big a waste of time.
There's also a 2nd mortgage and I can't locate the married owners.