found a house that is bank owned,what steps would i have to take to find out more about it,new york area,

Henry
Home Buyer
New York, NY

Answers (2)

We can try to work with the bank or find whothe listing agent is.
Let me known what you think. If you have additional questions you can direct them to me.
My Direct # 347-813-1290.
Here is my website http://fajardodelacruz.realtors.officelive.com

Hope to hear from you soon.

Wed Mar 11 2009, 11:34
Everett Perry
Agent
Queens, NY
FIRST ANSWER

The 21,000 question.

If is VERY difficult to find out who to speak with regarding a bank owned property until its auctioned and then becomes an REO. When it becomes an REO the bank assigns a realtor to market and sell the property.

If its an REO it will at some point be sold and you will see a sign go up but VERY rarely will you be able to settle in advance of a realtor being assigned. I actually dont believe its legal in NY for a bank to see a property without a realtor involved.

Web Reference: http://uvpinc.net
Tue Mar 10 2009, 18:50

Didn’t find what you were looking for? Ask a question!

Search Advice

Ask a question

Got a real estate question? Get answers from locals, experts and real estate pros.
Ask
Email me when…

Learn more

Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback