new to foreclosures
hi, i'm kinda new to the foreclosure business. i subscribed for a weekly list of NFS, Lis Pendens and REO's, not knowing how exactly to go about it. Do i just call the trustee and ask about the status of the property? if a date of sale has been set, do i still go ahead and make an offer? i'm sorry if these sound stupid, but i just really want to get started. Thanks a lot.. 
You can alwaya make offers until the home is sold to someone else, other than the bank. If a home has gone through the auction and had no bids, then the bank takes possession of the property and it is considered an REO (Real Estate Owned). You can make offers to the bank when it reaches that stage of the foreclosure process. If someone does bid on it and win, then you're out of luck and move onto the next one.
The only way you can negotiate a deal to buy the property is with the homeowner. They have the deed, so the bank can't sell it to you. You have to get in touch with the homeowner in order to work something out. If you need to speak to the bank, then you will need an Authorization to Release form signed by the owner.
Tanya
hi tanya,
thanks for the earnest reply... i really appreciate it. by the way, i browsed over your website and i love the bulldogs!! i have a frenchie and he's adorable.
Thanks, I was working on putting more photos up, but these guys are so squirmy now! I was also having computer problems and it doesn't want to transfer my photos onto the computer. That's why there's only 6 week old photos and they're almots 9 weeks now!
Does your frenchie snore too?
Tanya
haha... you bet he snores!!