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Updated over 6 years ago on . Most recent reply
Want to buy neighbor's foreclosure
The person who lives next door to me was listed in the paper this week to be in foreclosure proceedings. By Nov 2018 .
Mortgage was for 64000 current owners 24000.
Property would have a value of a minimum of 190 though I know he is a hoarder and the interior will need a lot of work and some work on exterior. I checked and they're No tax liens.
Our neighborhood is doing very well with home sales.
We have a decent relationship with him. So I think we could approach him. I would like to make him an offer to pay off his mortgage debt and hopefully limit the impact on his credit. Then we'd obtain the property. Move him out in 6 months.
Could he still sell the house to me at this stage of the process?