What Form Would I Need To Purchase Real Estate From A Pre Foreclosure Owner?
would i need just a standard purchase and sale agreement? or something else??i'm buying the house as is and talked to seller who the 2nd is trying to foreclose??
If you use a standard contract, make sure you cover yourself with adeqaute contingencies--such as assumptions, assignments, inspections, extensions, etc.
Technically, you don't need a contract. If the seller deeds the house to you and you pay the seller an agreed upon amount, you are done. But if there is any delay between the time you reach an agreement and the closing, you should protect your interests with a contract.