Forclosure using an agent
Have been looking at condo's in my area with our agent. Came across a condo today where the electric had been turned off and there were notices under the door that it was because of non-payment. My agent called the listing agent who stated it was possible the bills were not forwarded to the new address.
My agent was suspicious that the owner might be in trouble and letting the bank take the condo. We had looked at this condo a month ago and since that time it appears neglected. Looks like a roof leak was temporarily fixed, ceiling was cut and a brace put in. Some holes in walls, which were not there a month ago.
I'm wondering how I could find out what the story is with this property. Would I ask my agent to look into it or can I do that? Also, do real estate agents get a commission for handling a foreclosure?
We liked this property but it was priced above what we could
afford. It now is listed as a rental with the option to buy. That was why we went back thinking we might rent for a year.