Profile picture for sjsjbarron

How do I get involved in the purchase of a home recently listed as pre-forclosure?

please advise - thanks!
  • April 08 2014 - West Hartford
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Answers (3)

Profile picture for Bonnie And Melinda
The Zillow link provided by Armando Jimenez does a great job describing the situation. So as previously mentioned, a "pre-foreclosure" may never end up being available to purchase. The Seller may be behind in their payments, but they may catch-up, do nothing and let the property go into foreclosure, or try to sell the property as a short sale. But it would be very difficult for a buyer to purchase the property before it officially hits the market as either a foreclosure or short sale.
  • April 09 2014
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You don't, really.  "Pre-foreclosure" means very little.  The property may never go to foreclosure and, if it does, it'll be months or years before it does.

What you really want to know is if the property is on the market or not.  If it is, then you would view/bid as normal with your realtor.  If it's not, you could try blindly approaching the homeowner, perhaps they'd be willing to sell for the right price.

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This is not legal advice and is not intended to create an attorney-client relationship.  The post is only an opinion.  You should speak to an attorney for further information.  The poster is licensed only in CT & NY.    If this post is useful to you, please remember to upvote it.
  • April 09 2014
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http://www.zillow.com/foreclosures/buyer/buying-a-preforeclosure-property/

Check this Zillow link! I Think it will help you out!
  • April 08 2014
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