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Updated over 8 years ago on . Most recent reply

Mason Keeler's profile image
Mason Keeler's profile image
Mason Keeler
  • from Vancouver, Washington
  • Member since Oct 11, 2016
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Mason Keeler's profile image
Mason Keeler's profile image
Mason Keeler
  • from Vancouver, Washington
  • Member since Oct 11, 2016
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Mason Keeler
  • Vancouver, WA
3
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36
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Buying & Selling Real Estate

Pulling a home out of foreclosure

Mason Keeler
  • Vancouver, WA
Posted
If I'm able to contact the owner under going foreclosure can I make an offer to take over the loan and pay the amount that they are behind and get it out of foreclosure? Trying my hardest to get my 1st investment under my belt.
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Brett Goldsmith's profile image
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Brett Goldsmith
  • Investor
  • from Los Angeles, CA
  • Member since Sep 19, 2012
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Brett Goldsmith's profile image
Brett Goldsmith's profile image
Brett Goldsmith
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  • from Los Angeles, CA
  • Member since Sep 19, 2012
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Brett Goldsmith
  • Investor
  • Los Angeles, CA
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Brett Goldsmith
  • Investor
  • Los Angeles, CA
Replied

Reinstating a borrowers account and taking the loan subject to is possible. 

Proceed with care. Lots of foreclosure laws protecting homeowners, especially in WA. Also, this tactic runs risk for the investment if not completed in the proper sequences.

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