Who Do I Contact?
I have in my hands a lead that looks very interesting.
This property is appraised at 125k with 48k left on the loan.
The owners are behind 6.5k in payments and just got a notice of trustee sale. (Getting sold in April)
I'm not very familiar with the whole foreclosure process but this looks pretty promising if you ask me.
Now, who do I approach for this? Do I go to the "owners" of the house with my check book in hand or do I need to contact the trust sale beneficiary with my offer?
I think I answered my own questions with some more research:
“The borrower has up to eleven (11) days before the sale to stop the foreclosure process by paying the past due payments, plus expenses, including trustee and attorney fees.”
I’ll be contacting the home owners…
Well done Goose-Man!