How do you purchase a home owned by BAC home loan servicing?

Answer 1

You find out who in the lender's organization is responsible for placing the property with a broker and attempt to make an offer. If the property is foreclosed and the borrower's liability has not already been settled somehow, the lender will most likely decline until the property is listed with a broker because even though the borrower lost ownership and owes money on its loan, the lender still has the responsibility (having taken the route of foreclosure) to place the property with a broker and attempt to get the best prices in the open marketplace, to help mitigate its own loss and the borrower's liability on the loan. Since your offer may or may not be the best one or as good as the open market would bring in, the lender is at risk for accepting an offer than may cause the borrower liability that might be reduced if the property was listed in the open market.