Preforclosure

1 Reply

Got a lead from owner that is going to forclosure. If owner carries two notes, do I have to consider the second one to make an offer for the property or does the second one wipes off. New in pre forclosures. Thank you

Rosa,

   If both notes are secured to the property with a lien they will need to be addressed even if this property is in a pre foreclosure status.

Do you know if the property is in a equitable position or a Short Sale?