Depending on the type of loan the previous owner had, Marcus found three different "sellers" to contact:
Marcus hired his own agent—one experienced in distressed sales . This person would handle the aggressive paperwork and ensure Marcus didn't buy a house with hidden tax liens. who do i contact to buy a foreclosed home
The document listed a "Trustee"—the third party handling the auction. Depending on the type of loan the previous
Marcus realized he couldn't just call the bank’s 1-800 number and ask for the keys. He needed to contact specific professionals who speak "foreclosure." Marcus realized he couldn't just call the bank’s
For government-owned foreclosures (like HUD homes), Marcus found he must use a broker registered with the government to even place a bid. Phase 3: The Source of the Deed
Marcus first needed to identify the . Since the previous residents were gone, the "owner" was likely a bank or a government entity.