About To Foreclose
A coworker of mine told me about a family member who was about to foreclose on his house. By that I mean that the bank told him that he’s one payment away from foreclosure. I get the feeling that this person (his brother-in-law) isn’t very responsible. Anyway, the property in question is in another state in a tiny town and I’ve never seen it but I know that property values there are pretty low.
There’s an opportunity here but I’m not sure how to proceed. Any suggestions?
[ Edited by Nameless65 on Date 05/28/2004 ]
I remember when Temecula was a tiny town! It doesn't hurt to check it out - right?
C- :-o
also get an understand of what the law are.
Sounds more like he's 1 payment away from default, then the foreclosure happens.
All very good advice. I particularly think millionaireinthemaking hit the bullseye. What does the present owner want to happen? Nothing determines if there is or is not a deal faster than talking to the owner. Solve his problem and you'll see the deal. Good Luck.
Dave
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