Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
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

User Stats

9,999
Posts
18,567
Votes
Joe Splitrock
  • Rental Property Investor
  • Sioux Falls, SD
18,567
Votes |
9,999
Posts

What Does This Letter on a Door Mean

Joe Splitrock
  • Rental Property Investor
  • Sioux Falls, SD
ModeratorPosted

I was driving around and noticed a property with a letter on the door that was not like other foreclosure letters I have seen. Typically the foreclosure letters say the property is vacant, but this letter just said to call a phone number with your account number to discuss payment. I am not familiar enough with the foreclosure process. Is this possibly a situation where they want to contact the owner prior to moving into foreclosure? It looks like a nice buying opportunity. Zillow says the property was purchased for $97K in 2013 and was listed for sale for $150K several months ago. Then the listing was removed. Not sure what happened here but seems like it could be a buying opportunity. Anyone have an idea of the best way to pursue this?

  • Joe Splitrock
  • Loading replies...