Can I Buy Foreclosure Without Lenders Permision?

I heard that once a house is schedulled for foreclosure you can negotiate with the lender for a lower than market price but what about of negotiating directly with the owner?

I would like to offer the owner to buy his house for what he/she owns to the lender plus 25% of the remaining equity, is this possible?

I forgot to say that I am in Florida

thanks to all for your help

[ Edited by reychirino2 on Date 03/10/2007 ]

Comments(3)

  • TheShortSalePro11th March, 2007

    Your first step would be to contact the owner, and then learn if the owner is interested in selling.

  • TheShortSalePro12th March, 2007

    I would like to offer the owner to buy his house for what he/she owns to the lender plus 25% of the remaining equity, is this possible?

    Yes. If that is your plan, you need not contact the lender.

  • reychirino213th March, 2007

    thank you SalesPro
    I am going to try my first attemp today
    thank you for your help

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