Feeling Queezy... 1st Time Sheriff Sale, Please Advise
I have been eyeballing this property for a few weeks. I just learned that it was going up for sheriff sale approx 1 week ago.
It was sched to sell Tues 1/6/04 but is postponed.
I did some research and they filed bankruptcy.
Now what? It is resched. for March 2.
Is there anyway I can make a deal with the owner / lender / whomever??? before then?
Time is of the essence with these things and I really want this property.
Either to rent out or to flip.
Please advise me on the postponement process and the bk process.
What options do I have other than sheriff sale?
I have researched the property to no end.
I have the number to the bank in CA
and the owners address where she is currently living.
Obviously she wants to try and keep the property. More power to her though. I am not about trying to swindle anyone, but if I can get if fairly, swiftly, and at the best deal, I want to know my options.
Sorry for the long post and Happy New Year to everyone! 
Our Rule #1 (assuming it makes it to the sale, and assuming it's auction format):
Set your top price and stick to it. Don't let emotion and your evident desire for the property justify overpaying in the heat of the battle...
Hope this helps. Good luck, hope you get it as the first of many!
Thanx norrist...
I have my price settled. However, I got a bit queezy when I saw a property that needed a lot of work in the same area go for over 150,000 and it was a 2 story.
I am interested in the a 3 story and the forclosure balance is @ 80,000.
There are major vultures in this area, but I guess I have to buzz around too in order to play.
I am in PA.
Again, thanks for your advice.
I may consider petitioning for investors, buy and then flip if I can't afford it on my own terms.
You probably have enough time to make and offer to the owner before sale. I was able to work with an owner and their BK attorney to help make the transaction happen. The attorney kept the owner safely in BK until the deal was put together and then it was lifted for the sale. Good luck. I hope this helps.