How Do You Find The Asset Manager Who Is In Control Of A Foreclosed Property?
Many banks are currently overwhelmed by the sheer numbers of foreclosures on their books. This can mean it can be difficult to make effective contact with them, if you want to buy a particular property. Some banks will typically only deal with Realtors when disposing of foreclosures. But there are steps you can take to initiate contact with an asset manager if you want to register your interest. If you think a property is in foreclosure but you are not sure which bank owns it, try speaking with the assessors’ office at the town hall local to the home. They should have a current listing of who owns a property. Ensure the property has not already been listed. If it is on the Multiple Listing Service, then the person to contact would be the Realtor, whose number will be given there. At this stage, the bank will not talk to you directly. If there’s no listing yet, call the bank and ask for the asset management department. This may also be called the real estate owned (REO) department, or p
