Foreclosure VS PREforeclosure
First timer here! Just trying to decide what are the advanatages and disadvatages of foreclosure vs preforeclosure. Is one more risky than the other? Do you need "liquid cash" once a property goes to the auction? I'd appreciate any information and/or advice from anyone... thanks!
If you can lock it up pre-forclosure, then you might have less competition.
check your state as to weather full cash payment is due at trustee sale.
one more point in CA I beleive it says you must have legal tender.
What is that? a check? money order, bank check, etc.