Updated over 10 years ago on . Most recent reply
Property within Foreclosure Process
Hi everyone! Need some help with understanding how a real estate investor would go about purchasing a foreclosure opportunity that has not hit the market yet. I have been told by a reliable source that a property is in foreclosure with such and such bank. Couple questions I have:
1. How do I make an offer to the bank if it hasn't hit the market yet?
2. How do I find out how much is owed on the property to help me gauge what they might accept? Can I do this through calling the bank or the County?
Has anyone made a deal in this situation before? What steps did you take during this process, successful or unsuccessful? Any info would be greatly appreciated.
Thanks in advance,
Steve K