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Updated about 10 years ago on . Most recent reply

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10
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Alan Day
  • Real Estate Investor
  • Youngsville, LA
0
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10
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REO Process

Alan Day
  • Real Estate Investor
  • Youngsville, LA
Posted

We are just learning about REO properties and I have a general question about the process. I see homes in 'pre-foreclosure' and have seen a couple listed at the local Sheriff's weekly sale where the bank keeps them generally by bidding. It seems very difficult to try to reach the mortgage company to try to talk with someone about the property and I'm not sure if that would be fruitful of not if I did. What is the best way to try to acquire the property before what looks like the final stage of 'Action'... during the earlier stages such as 'pre-foreclosure'?

Thank you for any suggestions.

Alan

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