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Buying & Selling Real Estate

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Shannon K.
  • Buffalo, NY
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Buying BEFORE Auction?

Shannon K.
  • Buffalo, NY
Posted Apr 5 2016, 22:47

I'm talking to a woman who wants to sell. This is my first time NOT using the MLS to find deals so can I purchase the home from her before its really auctioned this next time??

She’s been served Lis Pendens 4 times in 3 years and is in the foreclosure process. Her home was scheduled for auction 3 months ago and it never happened. Her credit’s been shot since 10 years ago, a divorce, credit cards, and medical issues.

New auction scheduled end of April. She still retains the deed to the house and has not signed it over to the lender. House is now vacant. Can I move ahead and make an offer to her lender to pay off the balance and take ownership of the house? She is willing to sell. Any advice on how to/if I can move forward with this? Thank you in advance!

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