Re: Anyone know the rules regarding REO's?
It's probably true that ......... eventually ...... after a given amount of time (the wheels of financial fallouts turn slowly), a nameless faceless financial corp. will have some local prop. managment keep up the outward appearance of a repo'd home. But I also see some that are not at all kept up (lawn not mowed, junk mail over-flowing the mail box, etc....), as they are still in limbo. states of one sort or another.
You *might* get permission from such a property management company, but I sort of doubt it. Even though they could probably claim that they have the subrogated authority to allow it, most would probably say "you have to ask the owner, as we're only the manager". In other words, why would they bother putting themselves on some sort of liability risk? I work with a lot of property managers in my business (I own a street sweeper company, so we're hired to sweep streets at MHP and HOA's, commercial properties, etc....). The typical ones I deal with would just be as "nameless and faceless" as the mega-banks above them are. And to the extent there might some smaller-town mom-&-pops property manager Co's, I just don't see them granting a total stranger permission to go onto one of their customer's locations. Not that they care mind you, or would even have noticed, but since you ask, they will probably just say "no".
On a related sort of "abandoned" status: There was a city in So. CA that took over many square blocks of a turn-of-the-century neighborhood for an "eminent domain" urban renewal project. The process of buying out all the homes, giving the owners/renters time to negotiate, sell, etc...., meant that for a long time, there were some sitting vacant, some still occupied, and other various inbetween limbo states. A friend and I just helped ourselves walking yard to yard, figuring that either the city owned them, or whatever. No one bothered us
From owner or bank that foreclosed.Its easier if the financier
