Forelosed And Boarded Up In Queens NYC!
Hey guys.. whats up?
i am really interested in buying this foreclosed corner house in a neighborhood not far from mine. i know its was foreclosed because i checked the records online and the bank got the house back for about $276,000. i checked the comps and the market value for the house is $343,000 (nice spread) 
it was taken back by the GMAC Mtg corporation almost 4 years ago. i have an idea of what my first step would be and that is to contact the GMAC REO Dept and ask them about the property and if they are open to accept any offers on the house. is this right? Am i missing anything? does anyone have any suggestions on what my next step would be? 
thanks a lot in advance.
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