If you know the address of Chase bank, you may address a letter to them making an offer on the property. You would want send earnest money, normally a hundred dollars or so with the annotation that this check may only be cashed if this offer is accepted. Also you would want to add a date that the offer would expire.

Your offer should include a pre-approval mortgage loan letter from a mortgage lender that is still valid.Include the amount you are willing to pay for this property as well as a down payment amount once your offer has been accepted.

If there is damage to the property you might want to include the cost to repair this damage on the letterhead of a licensed construction company. This would be the basis of your offer.

Provide a day and night time telephone number where you could be contacted, your email address, as well as you address for correspondence.

Once the foreclosure procedures of your state has been legally completed, the property would revert to the ownership of the mortgage lender. At this point the mortgage lender is able to dispose of the property as they see fit. Normally the title deed to the property has been recorded in the mortgage lenders name.



I have been somewhat successful using this method.

I hope this has been of some benefit to you, good luck.

"FIGHT ON"

It's not "abandoned." It's a foreclosure. If it hasn't gone to auction yet, that's your first opportunity. If it doesn't sell at auction, the bank will subsequently list it for sale through a realtor, just like any other REO property. You can't short-circuit that process just because you "love the house."

No, they are legally required to offer the home for sale to the general public. To sell to you under the table would be a felony, actually requiring several felonies to pull off.

They'll sell it after the redemption period, either by itself or as a package.

They can also donate it. Lately banks have been donating houses to Habitat for Humanity.

if it has been empty for 18 months, there could be lots of problems with it - you can contact the banks REO dept and make an offer, but don't expect a quick response

I found a wonderful home perfect for my family. The previous owners abandoned it almost a year and a half ago and now Chase bank has it but hasn't release it for sell. Isn't there some way I can talk to the bank before they try to auction it or whatever they may do?