I see these banks are foreclosing a lot in my area. I would like to see if I can squeze in with your help. Anyone knows the insights of where all the foreclosed properties are going? I see there are more and more of NPN on the move...Is this why we don't see properties coming to the market?
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You are seeing the original note holder foreclosing, but I have had every one of the banks mentioned list the REO through a number of asset companies--or directly.
Whomever is foreclosing the note may have no bearing on where you might get the listing from--no easy way to go after the listings, except sign up everywhere you can, and see what works best.
Deutsche Bank I have sold a few of theirs thru One West Bank. Indymac is now One West Bank so they service their own loans as well. Wells Fargo uses PAS.
I thought they got rid off PAS and swithing to another company which require to do payments or something like that.