HELP!
I have found a pre-foreclosure that only needs cosmetic work and the lady has recieved a notice they are foreclosing Dec 4th. I have never done a pre-forclosure,can anyone give advice? Thanks and God bless you!
I have found a pre-foreclosure that only needs cosmetic work and the lady has recieved a notice they are foreclosing Dec 4th. I have never done a pre-forclosure,can anyone give advice? Thanks and God bless you!
I guess I need to be alittle more explicite. I am a cash investor,but never delt with pre-foreclosures.
The bank sent the lady a letter of foreclosure to start Dec 4th. Can I put this under contract with cash purchase for the balance she owes and take it to the Title company and close it that way or do I need to contact her mortgage company?
The lady does not have funds for closing cost,so how is that handled?
Can I contact the mortgage company to see if they will settle for less than what they quoted her?
Thanks Gale
In the case of commercial properties, there is a much greater chance of getting the REO direct from the lender.
hello,
I dont have an answer for you but a question? where do you get a list of pre-foreclosure properties... I do loss mitigation and im looking for that particular information
thanks
What is the typcial foreclosure time line in your state?
In FL the auction is usually 90 days after the Les Pendens is filed.
I send a combination of letters and postcards. roughly every 10 days i mail something to them