Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago on . Most recent reply

User Stats

10
Posts
0
Votes
Stephen Oakes
  • New Braunfels, TX
0
Votes |
10
Posts

Foreclosure Opportunity - Is it staring me in the face?

Stephen Oakes
  • New Braunfels, TX
Posted
I have an inkling that my neighbor across the street is going through the foreclosure process. However it hasn't been listed in the consumer world and I haven't caught them in person to ask. 1.) For future reference Besides asking someone if they are being foreclosed on what is a more political tactic that can be effective? 2.) What is the process of accessing your local foreclosures early? Some sort of public record? 3.) in this case if I wanted to "save" them from the foreclosure on their credit history how could I buy it outright and offer to them directly? I feel like there is an easy tactic to be successful here depending upon their reaction. Can I offer them cash down and to pay off the loan if they sign over? If so which lending route do I take?

Most Popular Reply

User Stats

531
Posts
265
Votes
Sarah Ziehr
  • Real Estate Broker
  • Chicago, IL
265
Votes |
531
Posts
Sarah Ziehr
  • Real Estate Broker
  • Chicago, IL
Replied

If they are facing foreclosure, then they can't make the payments- what makes you think they will pay you back?? 

Loading replies...