Who Do I Contact To Buy A Foreclosed Home -

If it’s bank-owned, these corporate employees make the final call on his offer.

Marcus first needed to identify the . Since the previous residents were gone, the "owner" was likely a bank or a government entity.

Marcus realized he couldn't just call the bank’s 1-800 number and ask for the keys. He needed to contact specific professionals who speak "foreclosure." who do i contact to buy a foreclosed home

Marcus hired his own agent—one experienced in distressed sales . This person would handle the aggressive paperwork and ensure Marcus didn't buy a house with hidden tax liens.

Marcus stood on the sidewalk, staring at the overgrown lawn of the craftsman-style house on Elm Street. A "Foreclosure" notice was taped to the front door, curling at the edges. He had the savings, but he didn't have a clue who actually owned the dirt beneath his boots. If it’s bank-owned, these corporate employees make the

He discovered a major national bank held the deed, meaning it was now REO (Real Estate Owned) . Phase 2: The Gatekeepers

Depending on the type of loan the previous owner had, Marcus found three different "sellers" to contact: Marcus realized he couldn't just call the bank’s

Banks hire specialized Realtors to manage their foreclosed properties. Marcus looked for the name on the yard sign; that agent was the direct line to the bank’s asset manager.