Question On Locating Property??

Being new to this and just starting out forgive me if this seems like a stupid question:

I have access to look up ownership of homes for any area of my city I want, now is it reasonable to assume that if I find a property that has a bank listed as the owner that, that property may indeed be a forclosure and for sale through that bank :-?

And how would I go about contacting the bank and finding out the situation on the home :???: [ Edited by tarrx3 on Date 04/18/2004 ]

Comments(1)

  • LarryTX18th April, 2004

    If tax records imply that the property is bank owned then I woul move on from the deal. The majorithy of these sort of deals will become REO's and sold through a predetermined real estate agent that represents the bank.

    HTH

    Larry Brusatori

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