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Owned by Aldo

Helping investors get more deals and build a real business with AI. Learn alongside two active investors sharing what works, deal by deal.

1 contribution to The Closing Table
Foreclosed Property Opportunity – What Should My Next Steps Be?
Hey everyone, I could use some advice. I’m currently staying in a property that has gone through foreclosure, and I understand it has reverted back to the bank. I’ve been in contact with the bank’s attorney because I’m interested in purchasing the property before it is listed on the open market. I’ve already sent the attorney a direct message expressing my interest. For those who have experience purchasing REO or bank-owned properties, what would you recommend as my next steps? Any advice or insight would be greatly appreciated. Thank you!
0 likes • Aug 31
one thing worth flagging - if you're the former owner and still living there, some banks won't sell REO back to the original owner at all for compliance reasons, so ask the attorney straight up if that applies before you go further. if not, having proof of funds or a pre-approval letter ready before that first real conversation moves things way faster with asset managers
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Aldo Chandra
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@aldo-chandra-2470
AI x Real Estate

Active 4h ago
Joined Aug 31, 2026
Philadelphia, PA
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