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Updated over 6 years ago on . Most recent reply

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Alex Shin
  • San Antonio, TX
31
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103
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Foreclosure process help URGENT

Alex Shin
  • San Antonio, TX
Posted
Hello everybody I'm attending a foreclosure auction tmrw morning and pulled a few of the properties. I visited 2 of them and 1 of them was very wanting to sell by the end of our discussion, doesn't trust her current real estate agent, and has an "investment broker" who will be offering 900K tmrw. She owes 375K to the bank. Basic comps in the area show properties for 1M+ My question is: is there anything I can do as a real estate investor this late in her foreclosure process? Shes such a sweet old lady and I genuinely want to help her. Any and all suggestions will be appreciated. Debt- 375K, auction tmrw 9AM. I dont even see the property listed for sale on sites? ? Any possibility of wholesaling this property out the night before? I've heard owners can delay the sale? Thank you!

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Tom Gimer
  • DMV
3,424
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3,473
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Tom Gimer
  • DMV
Replied

An REO agent would certainly be the wrong type of agent to bring into this.

If a power of attorney floating around is truly a concern, the owner can execute and record a blanket revocation of any POAs she has executed.

  • Tom Gimer
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Gimer Law

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