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Anyone who can help me with buying a pre foreclosure?

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:2

I have identified a property and need a realtor who can help me with this . especially I need to know if it can fit in my budget
Thanks
Sonali

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May 08 - US

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Linda Strasberg, "L Strasberg"
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Linda Strasberg, "L Strasberg"

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Locate a Buyer's Agent that can help you find the best value for the money in the area you're interested in...they will show you everything that fits in your budget and let you know the steps needed to get the property you desire.

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May 09

Don Fabrizio-Garcia, "FabRealEstate"
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Don Fabrizio-Garcia, "FabRealEstate"

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sonya_27:

A home with a lis pendens filed does not mean that the home is available for sale. Also, the "price" you saw on the home is most likely the amount of the loan that there is a default on - not the market value of the home and not the price they would sell the home for.

You will find many homes listed on these foreclosure sites that may never come up for sale - the lis pendens is just the first step in the foreclosure process, and at that point, many homeowners will do all they can to try to save their home.I don't know the particular home you are considering, so I can't speak to this specific situation.However, you say that you need to know if the home will fit in your budget. Your first step should be to speak with a local mortgage broker and obtain pre-approval for financing. This will tell you how much home you can afford as well as give you an idea of what the monthly costs will be. Sellers - especially banks - will not even consider an offer on a home without mortgage pre-approval.

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May 09

akoi
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akoi

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If you are in the market to purchase find a realtor quick. I don't think that the answer you got from this person is right, although I don't know the entire situation.

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May 08

sonya_27
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sonya_27

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Sorry for not putting in my location.
I am in Norwalk, Ct. I have used the foreclosure.com site and I found a house tht is listed with a notice of default - a lis pendens.
I would like to know if this is a pre-foreclosure and has a possibility for being bought.
Also I was told by another agent that it may be just a default to ensure a better refinancing for the mortgage.

I would really like some more clarity.

thanks Sonya_27

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May 08

akoi
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akoi

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Find a realtor in your area that has completed at least 4 short sales, do not go to someone who has no experience with short sales, they are tough, if you have no clue.

when you find that realtor ask for documentation of 4 successful closed either with buyers or sellers.

Not me, I've never done a short sale. There's a couple of guys in my office if you are in the SF Bay area I can refer you to

I don't ask for referal $$$ on zillow referals

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May 08

Craig Yeager, "yeagersells"
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Craig Yeager, "yeagersells"

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Sonali,
Where are you located?

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May 08

carl_3
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carl_3

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which state are you in?

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May 08

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Anyone who can help me with buying a pre foreclosure?

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Question How to buy a foreclosures house? Thanks!

Question I am a single, first-time buyer . Why do most real-estate agents avoid Foreclosures or short sales

Question What do you think of the Seattle foreclosure market?

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