Profile picture for spazmizter

how do you find out which bank owns the loan on a foreclosure so that i can submit a bid?

in holly springs, n.c.
  • July 04 2011 - Holly Springs
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Answers (5)

Profile picture for Sharon Lewis
Good answers here, we are , I believe all local agents who can do that research for you. You can also go into Wake County tax records and see if the bank shows up, however you will still need to use a local realtor, you can click on our names and email us. Is the home in Holly Springs? 
Thank you
  • July 05 2011
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spazmizter,

All of the answers are true, you will have to wait for the property to go through the lender's process and be placed with a local Realtor.  The only exception I have seen is one of my clients with a very large portfolio with a national bank was given a list of several properties for us to review.  This was to make sure he stayed with the bank and this was a gratis.  The client had assets in the 10's of millions.  All the rest of us will just have to wait.  I am keeping an eye on (5) right now for clients.  One day they will show up and then we can start the process! Good Luck!

Capt. Shawn
  • July 05 2011
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As mentioned below... It is nearly impossible to submit a bid directly through the bank on a foreclosure.  It must be submitted through their local Real Estate Agent.  If there is no sign on the property yet, then the home has not made it all the way through their red tape process.  You might be able to get in touch with the bank and see who their local agent is... and then call that agent to find out when the home will be listed.

A Buyer's Agent who specializes in foreclosures will be able to facilitate this process for you.

Is it in Holly Springs?  I'm in Apex and know that area very well.  Click on my contact info above if you need help.
  • July 04 2011
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Profile picture for B Mike West
When a bank buys a foreclosure property they will not accept offers until they put the property on the market.  Contact a local Realtor and have them check it out.
  • July 04 2011
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Profile picture for SheriMoritz
If you are working with a buyers agent they can find that information for you.  If not just send me an email through Zillow with the address and I will research it for you.    
  • July 04 2011
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