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Wholesaling

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David Bennett
  • Investor
  • Methuen, MA
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38
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How to wholesale bank-owned?

David Bennett
  • Investor
  • Methuen, MA
Posted Jan 24 2015, 06:14

Hello, 

I live very close to a property that has been vacant for a couple of years and, in my opinion, would be a make for a good wholesale deal. I've researched the property on my town's registry of deeds and found the current holder of the mortgage (Nationwide, if I recall). I called the mortgage company with the hope that someone could tell me how to purchase the property. The response was "you're not listed on the mortgage, have a nice day". Ok, about what I expected. So, then how does someone go about making a deal with a bank- (or mortgage company-) owned property? I wouldn't be surprised if this question didn't have a simple or brief answer so I appreciate any and all feedback!

thank you 

-Dave

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