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 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.

For government-owned foreclosures (like HUD homes), Marcus found he must use a broker registered with the government to even place a bid. Phase 3: The Source of the Deed who do i contact to buy a foreclosed home

Depending on the type of loan the previous owner had, Marcus found three different "sellers" to contact:

To find his way inside, Marcus had to navigate three distinct gates. Phase 1: The Paper Trail If the home had an FHA loan, he

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.

If it’s bank-owned, these corporate employees make the final call on his offer. Marcus looked for the name on the yard

Marcus realized he couldn't just call the bank’s 1-800 number and ask for the keys. He needed to contact specific professionals who speak "foreclosure."