Pre-foreclosure

[Arthur D.]

I found two properties in a area that I'm familiar with. What's re best way of approaching the owner . Is it by mail, bumping into someone that lives in the property or should I consult a pre-foreclosure specialist?

[Account Closed]

If you have the phone number of the owner call, him and let him know you are interested in buying the property. If the pre-foreclosure already started you will need to cash out the lender.

Joe Gore

[Christy Glenn]

Originally posted by @Account Closed:
If you have the phone number of the owner call, him and let him know you are interested in buying the property. If the pre-foreclosure already started you will need to cash out the lender.

Joe Gore

Hello,

What do you mean, "Cash out the lender"? Do you mean bring the cash to the table? I am working a Pre-Foreclosure deal right now and I am clueless. I know the homeowner has the right to sell until the transfer of title and the bank sells the property or auction. This particular property hasn't been auctioned. The lender can't take offers until it turns into a REO. The homeowner can sell and if it's less than what they owe, the lender has to authorize. Any insight would be great!

Thanks,

Christy

[Anuradha Shastry]

@Christy Glenn did you figure out what to do? Five years ago?

[Chuck Kohout]

@Arthur D. Action is your most valuable asset

Stop thinking about the best way and just start approaching! The best way for you may be different in the best way for somebody else. Start trying **** and figure out what works with your unique buying style