I found a vacant house that I am interested in persuing. When I looked it up on the tax appraisal records, it’s owned by a bank. What is the best way to proceed from here? It is not listed for sale or anything. I’m not really sure how to begin negotiations with a bank. Are banks typically willing to consider an offer that is pretty far below the FMV?
adverse possession.
move in, change the locks and start paying the county tax on it!!!
;D
Yeah that would be nice!
What bank owns it?
The house is owned by a bank called US Bank in Florida. The house is in TX though. I intend to rehab it and sell it, although I may end up renting it out if I can get it cheap enough to cash flow. Would a bank negotiate well below the retail price on a house that is not even listed? Should I just mail an offer to them, or what?