Who Do I Contact To Buy A Foreclosed Home Access

Depending on the type of loan the previous owner had, Marcus found three different "sellers" to contact:

📍 You don't contact the old owner. You contact an REO specialist agent or a Trustee , depending on whether the house is headed to auction or sitting on a bank's books. If you’d like to start your own search, tell me: What city or county are you looking in? Do you have a pre-approval letter or cash ready?

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 who do i contact to buy a foreclosed home

He visited the local courthouse to find the Notice of Sale .

Marcus first needed to identify the . Since the previous residents were gone, the "owner" was likely a bank or a government entity. Depending on the type of loan the previous

Banks hire specialized Realtors to manage their foreclosed properties. Marcus looked for the name on the yard sign; that agent was the direct line to the bank’s asset manager.

The document listed a "Trustee"—the third party handling the auction. Do you have a pre-approval letter or cash ready

Some banks skip agents entirely and list on sites like Auction.com or Hubzu . Marcus had to create an account and contact their online support to verify his "proof of funds."