How do you find out which bank own a foreclosure if it's not listed yet?

Asked by Emile, Stockton, CA Mon Oct 20, 2008

Hi,
a home close to us is a foreclosure, but it's not on the market yet. Is there any way to find out which bank owns it and to find out what the situation is (as in when will it come on the market and for how much)?

thanks!

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5
Ryan Sherman, , Lodi, CA
Mon Oct 20, 2008
Pretty easy to find out what bank owns the property. Harder question to answer is; When will it come on the market and at what price? There is no good answer and there is no good real estate agent that will tell you that they know. Because there are a number of us that handle REO/Foreclosure homes for the same banks in the same areas. These homes are assigned to various asset managers and then are assigned to various agents. Even if you found out what, who and when. Most banks will require that the listing goes into the MLS in order to solicit multiple offers. Pick one good agent you trust and listen to their experience and advice and have them watch for the home you want. Then be ready to jump when the time comes. Good Luck.
1 vote
Rocky G.H. H…, Agent, Ripon, CA
Mon Oct 20, 2008
Hi Emile,

When you work with a Realtor, they can simply check the tax record. This is public information and is available 24 hours per day.

Now determining when it will come on market is entirely another subject. Only through a bit more serious research can a Realtor help you find the answer.

Give us a call if we can help.

Very best regards,

Rocky G.H. Hawrysz
Prudential California Realty
(209) 599-7028
Web Reference:  http://www.teamhawrysz.com
1 vote
Brian Powers, , Mooresville, NC
Thu Oct 8, 2009
The real key is the register of deeds record. It can be searched usually online, or assistance is normally available at the register of deeds location. Tax records typically lag behind and likely will show only the Jan. 1 owner, but that owner is the one getting foreclosed upon. Take that name search it and there will be a deed transferring from them to the new owner (9 times out of 10 it won't sell "on the courthhouse steps" so it will be the bank). When calling the banks ask for someone in their REO dept.
0 votes
Kim Duran, Agent, Stockton, CA
Sat Oct 3, 2009
There are easy ways for a realtor to find out who owns the house as well as what approximate price it will be priced on the market. The real question is "when". If the home has already been assigned to a real estate office, we might have an idea, however before that we won't know. Hope this helps. If you would like more information on a particular home, let us know. Thanks!

Kimberly Duran
(209) 430-6114
stocktonshortsaleteam.com
0 votes
Msbanger, , Stockton, CA
Thu Oct 1, 2009
how can i find out witch bank owns 2442 burlington place stockton ca 95209 house
0 votes
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