Foreclosures FAQ
Who is eligible to purchase a foreclosed property from Unicom Savings Bank?
Unicom Savings Bank does not allow the sale of any repossessed collateral to an employee, officer,
director or their close relatives. The Credit Union defines close relatives as Spouse, Parents, Child (adopted, foster or legal ward), Siblings, Grandparents, Grandchildren, Aunts, Uncles,
Nieces, Nephews, or Domestic Partner, including all such relationships that exist through marriage or domestic partnership (i.e. step-, half-, and in-laws).
What steps do I take if I am interested in a foreclosed property?
You may submit a form online to request more information about the property, or call +interGlobeCalls to speak with a representative. If you are not already preapproved for a mortgage, a Unicom Savings Bank Mortgage Loan Officer will be glad to assist you with your application.
Does Unicom Savings Bank offer any special financing for foreclosed property?
We do have special financial opportunities for foreclosed properties. For details on these options,
please call +interGlobeCalls.
Who do I call for financing questions regarding rates, terms and loan options?
Call +interGlobeCalls and a Mortgage Loan Officer will
be glad to answer these questions for you. Please note, loan approval does not guarantee collateral availability.