Marcus first needed to identify the . Since the previous residents were gone, the "owner" was likely a bank or a government entity.
To find his way inside, Marcus had to navigate three distinct gates. Phase 1: The Paper Trail who do i contact to buy a foreclosed home
If the home had an FHA loan, he had to go through the HUD Home Store website. Marcus first needed to identify the
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. Phase 1: The Paper Trail If the home
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.
He discovered a major national bank held the deed, meaning it was now REO (Real Estate Owned) . Phase 2: The Gatekeepers