Buying Foreclosure Properties

[Thomas Corey]

How is buying a property that is about to go into Foreclosure, or is already in Foreclosure, different from a property that is not in the Foreclosure process? Also, what does an investor need to look out for or take into consideration when investing in this area of the market?

Thanks!

Tom

[Kerry Noble Jr]

so what youre asking is....how is buying a preforeclosure vs a regular house?

[Thomas Corey]

Quote from @Kerry Noble Jr:

so what youre asking is....how is buying a preforeclosure vs a regular house?

 Yes, that is a good way to put it.

[Kerry Noble Jr]

Quote from @Thomas Corey:

Quote from @Kerry Noble Jr:

so what youre asking is....how is buying a preforeclosure vs a regular house?

 Yes, that is a good way to put it.

 so the preforeclosure went delinquent at some point and missed some payments.......so the #1 thing you need to consider is how much the person owes in order to catch them up......including any penalties and interest.....

[Eliott Elias]

Depends at what stage the process is, the property is fair game up until the county auctions it off the first Tuesday of every month (Texas)