NEW TO REO (Washington Mutual)

Optimum profile photo

Hello All,
Here's the scoop.
Have a woman, who was in foreclosure. Bank supposedly bought the house at the sale back in April of 03.
It is now October.
(6month redemption)
She has now moved out but hasn't heard a word from the bank.
Very minimal repairs.
Said she owes apprx. 63-65k. (Plus whatever other fees have been added)House is would probably appraise between 120k- 150k.

My question? I have a signed authorization form. Should I just call Washington Mutual and ask them what the deal is with this loan?
As we all know WAMU is huge! Any tips advice/ on dealing with these guys or this situation?
Thanks in advance.

Comments(1)

  • nebulousd24th October, 2003

    call them, it won't hurt. you'll never know until you call.

Add Comment

Login To Comment