Souring REO's, Foreclosure Auctions, and Purchasing Notes
I'm wondering if there are any central databases that I can use to find smaller non-institutional assets. The price range I'm targeting is sub $10m. I have access to Costar, MLS, etc for all marketed opportunities, however I want to find the best way to access foreclosures and purchasing of debt etc. Any advice would be welcome!
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Paperstac.com
Trepp
My understanding is that properties that go into bankruptcy usually are handed over to a trustee and the trustee than sells that property. Does this sale usually take place in a public auction or does the trustee hire a broker ? Curious how this works.
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