Bank Repo

NATIKABETHEL profile photo

Hello Investors,

I'm new, and would like some help!
I found a vacant property in FL that is owned by Washington Mutual Bank. I further researched that the contact info is listed in another state. How do I make an offer to them? I'd appreciate any answers!! cool smile

Comments(4)

  • classimg22nd September, 2003

    If the property is truly REO, the Washington Mutual group is aware of the property and will offer guidance to its status.

    Continue to investigate, have you checked with your local recorders office for a foreclosure status?

    Your details are sketchy at best and additional process information is needed to provide clearer next steps.

    Eric & Rosa
    [addsig]

  • jorge12122nd September, 2003

    As with all major lending institutions with a large REO portfolio, Wamu will likely use a local realtor to list the property. Some realtors specialize in handling bank foreclosures. Find out who they are and get working...

  • mussetter22nd September, 2003

    I had the same thing happen in Ohio. I tried for six months to get someone on the line to offer to buy this property. They kept telling me that the paperwork was not completed and giving me the runaround. Finally, one day (Just 3 days after my last call) they told me the paperwork was done and that they had listed the property with a realtor! I would have to talk to them. Sorry.

    I actually am buying this property, but I didn't have any luck with the mortgage people. I sure hope you do.

    Sincerely,


    Ronnie
    [addsig]

  • dickknox23rd September, 2003

    Im a realtor - so understnd my bias. Call a realtor and dont be greedy - you dont pay his commission. You will know when you know enought to go it alone. In the meantime let someone do the work for you.

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