Question about Pre foreclosures

7 Replies

Still learning and reading about pre foreclosures but wondering if it's possible (if there's enough equity) to buy a pre foreclosure by paying off the payments that they were behind bringing it current. Give the sellers money to move out or help with a down payment to buy a new house and recommend them to an agent. Then re-selling the house with an agent???

Just been curious about it.

Sounds like a solid plan. Only thing I wonder about is the referral of the sellers to an agent. If their already behind on payments, then their credit is taking a beating.Is it realistic that they would be good candidates for another home purchase? Was setting them up with this agent part of their agreeing to subject to purchase?