Buy pre_foreclosure deal or waiting to bid

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Buy pre_foreclosure deal or waiting to bid

Hanh Vo
Flipper · Huntingdon Valley, PA · Member since 2015 · 2 posts · 0 votes

A foreclosure is just postponed a month from Sheriff sale from the first mortgage. There is a second mortgage. Should I buy the property now or wait to bid at sheriff sale to avoid the second mortgage? Any suggestion for this deal? Thanks

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  • Jay Jasunas
    Investor · Littleton, CO · Member since 2017 · 66 posts · 39 votes
    9y

    @Hanh Vo

    Without knowing the numbers on your deal such as FMV , UPB on both 1st and 2nd note it hard to give any advice.

    But in general you can probably negotiate a better deal directly before it hits foreclosure again then compete with everyone there.

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  • Hanh Vo
    OP
    Flipper · Huntingdon Valley, PA · Member since 2015 · 2 posts · 0 votes
    9y

    Thanks. Trying now

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