REO property I am trying to buy

Foreclosures, Short Sales, Tax Foreclosures
1

I found a house that has gone to sheriff sale and has gone back to the bank. I called the attorney to get a contact at the bank and they gave me the name of a realtor. The realtor does not seem to know much about the property and says that it “will be one of their listings” but they have to get in to the property and establish a value and get back to me. They also say it is a Countrywide loan yet eviction notices and Writ of Possession posted on the door indicates “WELLS FARGO BANK FOR THE BENEFIT OF THE CERTIFICATE HOLDERS OF THE ASSET BACKED PASS THROUGH CERTIFICATES SERIES”. Court house records also indicate Wells Fargo!!!

What does that mean?
Any other advise on how to get this property?
Anyone know how to get me in touch with the bank directly? Wells Fargo? Countrywide?
After sheriff sale to they typically go to a realtor they already have lined up, thus eliminating the ability to deal direct with the bank?

2

One of the banks, Countrywide/Wells Fargo, originated the loan and the other is likely the loan servicer. It sounds like the loan was packaged with many other loans to form a mortgage backed security (MBS) and sold in the open market. This is a good example of the life of a simple mortgage loan.

3

The broker will send the property information to CountryWide. CW will provide a listing price to the broker.

Tell the broker to inform you once the LP has been established.

You could use your own broker as well.