First Offer
I have been negotiating with a homowner to buy his home before auction on the 18th. He is dragging his feet because he thinks his sister will be able to save the house, (very unlikely) but I don't want to be too pushy about it, but according to my lender I'm too close to auction to close a deal, because of inspections and title work. Is there a contract in which I can payoff his foreclosure, and assume the mortgage payments without a proper sale? I tried to look for other posts asking this, but I'm at work and have to keep the surfing to a minimum! 
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Thanks,
Gerry
Gerry,
If you know who to contact at the bank, you may be able to make a deal. I have seen this happen many times where the bak allowed someone to assume the payments. Mostly because they felt they would get more out of the deal that way. Trying won't hurt anything, I know an investor in Phila who actually assumed the mortgage the day of the auction.
Good Luck
Lori
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