Access to pre-foreclosures?

Question

If I have access to pre-foreclosures, what is the benefit of having such access? How can you secure a purchase of such property to fix/flip?

Kevin Ivey · Answer

Know your laws  WA state has law in place for those in foreclosure to protect from "equity skimmers" ie predatory wholesalers

Drago Stanimirovic · Answer

Richie,

Access to pre-foreclosures gives you a shot at below-market deals before they hit auction. You can negotiate directly with owners, often securing better prices and less competition, perfect for fix and flip margins.

To buy, contact the owner, verify title, and move fast. Let me know if you need any help on your investment journey!

Christian Maluo · Answer

Have a title company run a preliminary title report so you can find all liens and judgements recorded against the home BEFORE you own it.

Chris Seveney · Answer

You buy the note from the note holder and bid full payoff is the best way to secure the property- of course buying a note is not easy and you don't get to really pick a property - you also have no idea what interior looks like

Access to pre-foreclosures?

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