Steps for foreclosures

[Richard Chae]

Hi all,

New investor here with a question regarding the process of preventing foreclosures. At the moment I don’t have anything just wanted to know when I did so I don’t end up getting someone’s hopes up and now being able to follow through. Any ways the questions, say I get someone to agree to sell me their house, 

1. What all do I need them to sign? 

2. what’re the next steps after signing contract?

3. On average how much time would I need to go through with all of this?

4. Is it possible to get all of this done within 24-48 hrs?
thanks in advance for yalls insight!

[Jay Thomas]

Preventing foreclosure by purchasing a homeowner's property involves a step-by-step process. It kicks off with both parties signing a purchase agreement, a legal contract outlining the sale terms. After that, tasks include checking the property title, conducting a home inspection, getting an appraisal, and, if necessary, arranging financing. The closing date is scheduled, where ownership and funds are transferred. Typically, this entire real estate transaction takes 30-45 days, but completing it within 24-48 hours is a considerable challenge.