Interior Inspection Prior To Foreclosure?
I have read a few books, familiarized myself with public records at the courthouse and have attended auctions in preparation for my first deal. I've identified several properties due up on the auction block in January but before bidding on them, I really need to see whats inside.
I contacted the foreclosure law firm and they are simply facilitating the foreclosure and stated to use appropriate means to get access. What is that? A crow bar and dark clothing?
Could someone please fill me in.
Thanks,
Mark
Unfortunately at this stage of the game you will more than likely have to deal with the current homeowners. Believe me, if they are still in the house, they are in extreme denial that they are about to lose their home and will probably be a little hostile towards you unless you can help them out somehow.
If the house has been vacated prior to the auction, then maybe you can let yourself in as in some cases the homeowner moved and didn't care what happened to the property after they left so they left the doors wide open.
Most of the people bidding on the auction do not get a chance to take a look inside. That is why it's better to make a deal directly with the homeowner, before property goes to foreclosure sale.
Most of the people bidding on the auction do not get a chance to take a look inside. That is why it's better to make a deal directly with the homeowner, before property goes to foreclosure sale.
Mark,
I am pleased to see that are taking steps to educate yourself.
The lender and or organization that is facilitating the foreclosure proceeding can not allow you access to the subject property as they are not the owners by title as they only have a secured interest to the subject property.
You will have to deal with the owners on title to gain access and this can be accomplished by contact them in person, by phone and by letter. In some cases they have vacated the subject property and you will have to locate them.
Be creative in your property access by checking with the neighbors next door to the subject property and across the street as they may know the location of the homeowner or may even have the keys to the subject property. Also check the exterior of the property for possible areas where the homeowner may have stashed a 2nd key like behind wall mailboxes, inside porch lights, above doorframe, under rocks, tied inside a bush and the list goes on.
I would also check for unlocked doors or unlocked windows.
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