Can You Creatively Buy Pre-fo, Forclosures??
I've been looking at this for a while and cannot figure out for the life of me how you could buy one of these creatively. It seems to me like you'd have to have money to buy at auctions or to offer money to get the house out of forclosure. I don't know about it all....i do know it's driving me nuts though...!
I am not very sure but I think you can buy pre-foreclosure creatively by lining up a buyer to take it off your hands if you have enough time before the trustee sale. If you are looking to hold I would imagine that you would have to get a loan of some sort or have cash depending on how backed up the payments are.
you can offer to buy the house with a lease option, subject to, or find a partner with enough money or credit to get a new loan. if lease option or sub2 you may have to make up any back payments and fees or have the seller refinance before you will take the property.