The Loss mitigator and the person in charge of Lender owned property`s / REO`s are usually two different people.
The person in charge of REO`s is like gold to Realtors. As a Realtor I try daily to get in touch with them. I want the banks business. A Broker I work with has over a 120 REO`s right now. That`s a lot of lock boxes.
He has been doing REO`s for thirty years.
I don`t want you to get your hopes up to far, or think that the bank is just gonna give the home away to someone else. Most bank list the property at or just below comps. They will probably list the home with a Realtor
If you find the guy in charge of REO`s give him my number.
The banks have great people working for them, be sure to have someone great working for you.
Right now in AZ 97% of the homes auctioned at trustee sales go back to the lender.
I have used this way to find one lender before. If the home was listed with a Realtor before as a short sale before the Foreclose, call up the old Realtor he should have talked with the Loss Mitigator.
Hope this Helps
Keep me posted.
Part of the reason why you might not see changes in Tax record so quickly is probably the service provider a while to update the tax info into their systems (I often see that in the tax records linked to our MLS)
Other than you are probably not going to get the deal of the century, you may want to be a bit careful with these properties since they are usually AS IS purchase and there is no disclosure on them. .
You have been a big help- thank you. ~Renee
You are all a big help to me. Thanks again.