Negotiating the bank down?...

[Ben Boru]

Here is a mortgage statement from a homeowner that is being foreclosed on. He wants to sell to me. Can I negotiate some of the interest and late fees down from the bank? And what is the best way to approach that conversation? Thank you for any help!

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If anyone knows the best way to get the bank to postpone the auction that is also helpful. But even if I can't close until after the auction they are still within that 6 month period so my purchase would take precedence correct?

[Theresa Harris]

Have the homeowner talk to the bank and ask if there is a way he can sell his property to pay them back.