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If the lender foreclosed on a property, is there a way to find who the lender is?

We were interested in a home that was for sale.  When we spoke to our realtor about 1 month later, she stated that it was no longer for sale.  Upon checking Zillow, I discovered that the property was foreclosed and the lender to over.  Can we find out who the lender is and if we do, can we make him an offer? 
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November 09 2013 - Auburn
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Answers (7)

The information you are requesting is not necessary for your purpose.  Once the property is foreclosed it takes a while for the financial institution to bring it back on the market through a real estate agency.  As a rule bank owned properties are not sold directly to buyers, they are listed with agencies.  If for whatever reason you still want to know who owns it now, simply contact the assessor's office of your town..

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November 10 2013
Sometimes the lender who owns the home will be posted on the public record but it is always best to check with your local county or city records to get the information quickly.
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November 10 2013
It should be in county records (I would go in person if you are wanting the information quickly as online can take a bit to update). However, I've seen the servicer's name pop up instead of the owner. I'd say there is a good chance it will come back on the market since most banks don't want to be in the business of owning property.
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November 10 2013
Celestiag59
Don't get your hopes up. Lenders do not deal with consumers on the sale of foreclosed property.  The lender has a lot to do before the home is available to be sold.  The lender will also want a current value for the property which entails the services of a Realtor.

Lenders don't have the manpower to deal with the selling side of a real estate transaction. That's why they turnover their properties to real estate agents who sell and bring the property to closing.

If you have a Realtor they can keep a watch and let  you know when the property comes on the market.
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November 10 2013
Typically the lender will not sell to you directly.  They will go through their process to take over the property and it could take months.  Once it is officially theirs, the home will be listed with a realtor.  If it is a government backed loan (Fannie Mae), it could end up on the Homepath.com site (but still listed with a realtor)

Your best bet is to set up a search on realtor.com for the property address. That site has the most current home information as it feeds directly from the MLS system.  If and when it comes on the market, you will be notified.  Your other options are to go to the Homepath.com and set up a search there. 

When it comes to these types of homes, you need to either make a good offer before it goes into foreclosure or be prepared to wait - and take your chances on the condition of the house after it is taken over.  If you are looking to purchase something quickly, stick with what is already foreclosed.  Otherwise, you could be waiting for a year or more for that property to show up on the bank foreclosure list.



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November 10 2013
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Thank you for your reply, Ashley.  Prior to posting the question to Zillow, I went on the city's website and researched the property.  I did get info, which included the last owner's name, but it was not the lender.  It has been about three weeks since the lender's assumption so I guess I should give it a bit more time.
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November 10 2013
Visit the county property appraiser website and search records by "property address". This will pull the owner of record (Bank name). However, it takes a few weeks for the website to update newly recorded deeds, transferring title ownership. Your realtor should also be able to assist.
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November 09 2013
 
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