Sheriff Sales
So say I find a listing for an upcoming sheriff sale that looks decent. Is there a way to buy it from the owner prior to the sheriff sale? If so, how do I know what the price is? I'm finding two prices, one is an order of damages assessment (105,900) and the other is the debt amount (78,000, with 1800 in costs). Obveously I'd rather get the home at the debt amount... so how do I go about doing this?
Is there a way to purchase it from the homeowner directly, maybe even offer 85 and give them sime profit?
I'm new to this, but I have financial backing and am looking to get in the game. Please help!
Yes is the short answer.
What does "order of damages assessment " mean? is that the note amount + penalties + arrears + etc.
If it is, then that's what must be paid unless something else is arrange with owner & the bank.
You also don't mention what you think the place is worth.
check out the laws of your states
read the short sale forum
[ Edited by longhorndb on Date 05/07/2007 ]