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Answers (5)
- David Dobson, "David Dobson"
- Contributions:129
Depending on what type it is. Sometimes you can look on the counties sheriff sales and know its 30 days from that point. Most "banks" dont even know when they are going to market a home until they have actually forclosed. Until they actually own the home they can't speak about it or even know what they would ask for it until the process is complete.
- OSEK
- Contributions:4
What if the the house is owned by Fannie Mae?
- Colin McHale, "ColinMcHale"
- Contributions:100
Hello! Depending on the bank that holds the property, some information can be found out. If you'd like, send me an email with the address of the property, and I will do some research on it. My email is colinmchale@howardhanna.com. Thanks, Colin McHale, REALTOR, GREEN
- Chad Basinger, "ChadBasinger"
- Contributions:91
Hi Osek,
Generally, when the bank takes back the property, they will then assign it to a listing agent. It is up to the bank to determine when it is that they would like the agent to make the home active. You may try to contact the bank directly, but you probably have a better shot of getting an answer from the listing agent as to when it may come on. I have a perfect example of a property that I knew was a bank owned property and I knew the listing agent, but it was not "active". I contacted the listing agent's office and they put me on their distribution list as an interested buyer (so that I would be made aware as soon as it came on the market.)....Sure enough, they never let me know, but I had it set up in my MLS parameters to be alerted. They only have 1 picture in the MLS, so it will not appeal to many people browsing the web, yet I went to see it and it is beautiful. Thus, if you do your due diligence and stay on top of things, you can put yourself way ahead of the competition.
Best of luck!
Generally, when the bank takes back the property, they will then assign it to a listing agent. It is up to the bank to determine when it is that they would like the agent to make the home active. You may try to contact the bank directly, but you probably have a better shot of getting an answer from the listing agent as to when it may come on. I have a perfect example of a property that I knew was a bank owned property and I knew the listing agent, but it was not "active". I contacted the listing agent's office and they put me on their distribution list as an interested buyer (so that I would be made aware as soon as it came on the market.)....Sure enough, they never let me know, but I had it set up in my MLS parameters to be alerted. They only have 1 picture in the MLS, so it will not appeal to many people browsing the web, yet I went to see it and it is beautiful. Thus, if you do your due diligence and stay on top of things, you can put yourself way ahead of the competition.
Best of luck!
- Stephen Murphy, "Outof thebox"
- Contributions:69
NOPE.....They just do it when they feel like it. Call the bank and they will assist you.
If a home is in post foreclosure, is there any way to find out when it will be put up for sale?
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