What will happen to a foreclosured vacant lot if it does not sell at auction or on the market?

Asked by Matthew, Rancho Palos Verdes Mon Apr 23, 2012

I originally saw this vacant lot 6 years ago and it was selling for 3 years and then it became foreclosured. Then the bank tried to sell it but they couldn't. I would like to know what the bank is doing with it and could I purchase it.

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Tracey Martin, , Salinas, CA
Tue Apr 24, 2012
Hire a Realtor to help you. Have the Realtor contact a title rep. with whom they have a relationship. The title company should be able to get you a title report. The report should give you information on who owns the property. If it is owned by a lender in your area, you may want to the lender's office and talk to them directly. If they don't have an office in your area, google their foreclosure dept. and ask them for help.
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