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Updated almost 12 years ago on . Most recent reply

Dustin Gott's profile image
Dustin Gott's profile image
Dustin Gott
  • Involved In Real Estate
  • from St. Paul, Minnesota
  • Member since May 11, 2010
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65
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Dustin Gott's profile image
Dustin Gott's profile image
Dustin Gott
  • Involved In Real Estate
  • from St. Paul, Minnesota
  • Member since May 11, 2010
Connect
Dustin Gott
  • Involved In Real Estate
  • St. Paul, MN
15
Votes |
65
Posts
Innovative Strategies

banks underbidding at sheriff sale

Dustin Gott
  • Involved In Real Estate
  • St. Paul, MN
Posted

I have noticed the banks are still bidding in some cases well below what was owed on the mortgage at the sheriff sale. If you were to go to the homeowner could you purchase the property for that lowered amount? Is there a better way to do this? I have searched through the archives and found a few discussions on this topic but not much in how to approach this. Any thoughts?

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