Foreclosure Suprise
Hi everybody,
I have spotted lately a good run down propetry thatt is a condidate for flipping, I made a search for that property and contacted the owner. I was suprised when he told that he does not own that property anymore, and that he it has been foreclosed 4 years ago, and it is gov. repo.
Please, does anyone know how to proceed in this case to get the property since I never dealt with Foreclosed properties
Any feedbacks appreciated,
Thank you all
Your first step in the process would be to research the background of the property (self-title search).
[addsig]
When he said it was a gov repo. Did he mean it was a FHA or VA loan on it.
If so, then it will show up on the HUD or VA list. And yes, this can take 1 year to even 5 years. I see it all the time here in Los Angeles.
And HUD will not talk to you.
Best of luck.
Hi,
Have you found the information you need yet? I am pretty good on finding information on houses. If you want, email me and I will see if I can help.