Foreclosure in Neillsville>Question Details

mikestatz, Home Buyer in Faribault, MN

home in foreclosure in neillsville wi. u s bank holds mortgage. how do i get any information on this property?

Asked by mikestatz, Faribault, MN Thu Feb 21, 2013

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What information do you want or expect to get? Public records will show you the owner, but so what? Are you thinking you will buy it? Do you realize that if the owner sells it he has to pay off the loan in full and often these homes are being foreclosed because they are not worth what is owed, so you are going to pay more than it's worth?? Yea, I thought not. So you want to talk with the bank? About what? You are not on the loan so they are not going to say Boo to you and no, they can't sell it to you because they do not own it. The owner owns it and is the only one that can sell it.

Just wait for the foreclosure to be over and if the bank gets it back THEN they can sell it and they will list it with a Realtor and sell it on the MLS. They won't sell it to you before.
0 votes Thank Flag Link Thu Feb 21, 2013
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