What’s the deal on Preforeclosures?
1 Reply
Angela Zaitz
New to Real Estate from California
posted about 1 month ago
I see more preforeclosures listed on Zillow nowadays. What is the process of you are interested? Are you able to view property? Is it generally better to wait until they are up for auction?
Joe Homs
Flipper from Mission Viejo, CA
replied about 1 month ago
@Angela Zaitz its really not as simple as that. You cannot go directly to the bank and get pre-foreclosures and the current owners still do own the properties. The banks do not sell foreclosures directly to the general public either. If you go to the court house steps then you will need ALL cash and some knowledge of what you are doing.
The best ways to go after these is to call the owners directly and attempt to negotiate a deal before foreclosure.
Good Investing...