Buying a Pre-Foreclosure
Hi,
I wanted to get advice on buying a pre foreclosure. The person is asking $160,000. Realty Trac shows that the mortgage is for $130,000. I plan on going to the recorders office tomorrow to find out how much the judgement is for but my question is how do I go about structuring an offer? I see right off the bat they are trying to get out of the deal with a $30,000 profit.
Do I approach it as a short sale?