Foreclosure in Richmond>Question Details

Michele, Other/Just Looking in Richmond, TX

How do you find out the responsible real estate company or bank for a foreclosed home that has no sign in the?

Asked by Michele, Richmond, TX Mon Mar 9, 2009

front yard and the yard needs to be maintained immediately?

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I agree with Rob in that these are very time consuming and it will most likely be a waiting game if you are interested in the property. Many times, the banks are 6-9 months without homeowner payment before the actual process of foreclosure takes place, then it can take several more months before an actual sale or the home is given to a third party management group handling the bank's foreclosures. Some banks have a section on their main websites identitifying their foreclosures for sale. I know Bank of America does. You could attempt to go look in the public county records at the property address to find out who the lienholder is and then call that bank, ask for their Real Estate Asset or REO department and then give them the tax account number or address to see if they are even aware yet of the foreclosure. Banks that are so large sometimes have no clue for a long time. I do however know of several properties in Katy/ Richmond are that were builder foreclosures (brand new homes) and I know who those banks are and the contacts.

Good luck! Call me if you would like my help!
0 votes Thank Flag Link Thu Feb 18, 2010
Problem is the foreclosure is likley a sale back to parties who are not the lender. The recovery process for a pass through-trust is a strange mixture of science and religion and under huge observation by the governement. Its actually a transaction that attempts to conform to an SEC registration and private placement . There is a foreclsure follwoed by a claim similar to MI and then the asset is cleared for a arms sale again.

So its not your typical bank transaction. Now if you take this information at face value you will make friends and become an insider with the insitituion involved. Maybe continue to get advance notice on tehse delayed sales and resales.

But there will be a slight wait. Hit me up if I can help further admin@borrowerhotline.com
0 votes Thank Flag Link Mon Mar 9, 2009
You can probably find out but it's more time than it's worth. Foreclosures can sit a while before being placed with whoever will maintain, manage and market the home. It's near, if not impossible to attempt to buy homes like this as they are caught up in the "middle" process. If you are concerened about the yard you can call the city and they should come out and mow.
0 votes Thank Flag Link Mon Mar 9, 2009
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