Home Buying in Spanos Park>Question Details

Christopher…, Home Buyer in Modesto, CA

Can you call the lender(REO) before they put the house on the market and make an offer?

Asked by Christopher Young, Modesto, CA Fri Jul 18, 2008

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NO they usually dont take calls, most of the times there is a 3rd party who handles all the files. The banks are overwhelmed avoid taking calls.
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1 vote Thank Flag Link Fri Jul 18, 2008
Generally, the property will be listed as a short sale first and then if it does not sell, it will go to foreclosure. So you could bid while a short-sale is in process. However, getting through to the lender during this time is hard even for an agent; as it may not be in your state and it has to go through a variety of hands and asset managers. If you need an agent or a quote on a mortgage loan, give me a call. There are many programs out there.
Good luck!
George 209-952-4574
1 vote Thank Flag Link Fri Jul 18, 2008
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