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Updated over 11 years ago on . Most recent reply

User Stats

114
Posts
64
Votes
Zac P.
  • Rental Property Investor
  • Lexington, KY
64
Votes |
114
Posts

Owner going into foreclosure

Zac P.
  • Rental Property Investor
  • Lexington, KY
Posted

I have a friend that says he is losing his house to foreclosure. I was going to contact him about maybe purchasing his property. However, I don't know how to go about this... Would I contact the bank and offer them a price to purchase through a short sale? How does this work? Has anyone ever swooped in and purchased a property through this process? I appreciatte any responses!

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