When is someone going to list this foreclosure in Tallapoosa, GA

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Real Estate Agent with Tallapoosa, Bremen, Waco, Buchanan, Temple, Carrollton Licensed in GA & AL
When is someone going to list this foreclosure in Tallapoosa, GA? It has been vacant for two years now, and the poor house is falling apart. At one time is was worth about $100,000...now, maybe it will bring $49,900. I have a cash buyer ready to go, but the original foreclosing bank said nothing can be done until it is listed with a real estate agent. I regularly send out emails to our mls agents asking if anyone has it coming up on their foreclosure list, but the answer is always no. I know with all the first and second mortgages, and all the packaging and repackaging of loans, that the ownership of assets can be hard to determine. I guess that's what has happened to this little house. How very sad... Any helpful hints on possible ways to find the status of this house? Thanks
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Rainer
127,396
Heather Russo
Keller Williams Realty - Kerrville - Kerrville, TX
SRES , REALTOR, Kerrville, Texas Homes for Sale

Why don't you contact the Lein holder to offer to list it... or at least present them with ana offer to purchase.

Jan 26, 2011 02:18 PM #1
Rainmaker
526,160
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

I have seen banks forget to foreclose or put the REO on the market for up to 3 years.

Jan 26, 2011 02:19 PM #2
Rainmaker
181,027
Karen Steed
Tallapoosa, Bremen, Waco, Buchanan, Temple, Carrollton - Tallapoosa, GA
Associate Broker Haralson Realty

Heather and Dave - Thanks for the comments.

 

Jan 26, 2011 03:12 PM #3
Rainmaker
683,087
Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula
Realty Works Temecula - Temecula, CA
Realty Works Temecula

Karen:  Perhaps a title company in your area can help you find out through documented recordings?  Good Luck, I hope you can find out who the current owner/bank is!

Jan 27, 2011 04:19 PM #4
Rainmaker
181,027
Karen Steed
Tallapoosa, Bremen, Waco, Buchanan, Temple, Carrollton - Tallapoosa, GA
Associate Broker Haralson Realty

I've been searching the clerk of courts website, but so far nothing...

Jan 27, 2011 04:54 PM #5
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Rainmaker
181,027

Karen Steed

Associate Broker Haralson Realty
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