Offlinewe have been trying to buy a certain foreclosure (150k FMV)for a year, we had the high bid of 65k at auction, but the bank wouldn`t accept it..several months have passed, and now the price has dropped to 95k, so we want to resubmit a bid but the listing just expired..we have the address of the fannie mae bank that owns the property, but we don`t know who to go to bid on an expired listing.
any help would be appreciated
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If you can deal direct the bank will not have to pay any commissions to any Realtors and you might get it at the price you want...
Barbara
since you know the bank that owns it, give them a call and ask to speak to someone in the real estate department. Explain your situation and they will be able to direct your call to the right party. (Different banks have different procedures which is why I just ask to speak to some one in real estate.)Good luck.
Always Looking to Acquire Houses | Always Looking to Amaze Investors