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Daniil Katko
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Preforclosure deal how to approach

Daniil Katko
Posted

Hi everyone iam a rookie, 

I am driving for deals and came upon a single family that is in preforclosure according to zillow. How can I proceed with this deal or is this a bank owned now I won’t be able to reach the owner? 

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Eliott Elias
  • Investor
  • Austin, TX
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Eliott Elias
  • Investor
  • Austin, TX
Replied

Pre-foreclosure means the bank has not possessed the property yet. You can purchase this directly from the owner.

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