Banks hire specialized Realtors to manage their foreclosed properties. Marcus looked for the name on the yard sign; that agent was the direct line to the bank’s asset manager.
📍 You don't contact the old owner. You contact an REO specialist agent or a Trustee , depending on whether the house is headed to auction or sitting on a bank's books. If you’d like to start your own search, tell me: What city or county are you looking in? Do you have a pre-approval letter or cash ready? who do i contact to buy a foreclosed home
To find his way inside, Marcus had to navigate three distinct gates. Phase 1: The Paper Trail Banks hire specialized Realtors to manage their foreclosed