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How do your pre-foreclosure listings work?

These homes are not on the market, nor can their owners be easily contacted. So, as a buyer,should one just sit and wait for these homes to come up for sale? How do you identify these homes?

An early response will be highly appreciated.










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August 12 2013 - Columbia
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Answers (1)

A home can be listed as a pre-foreclosure simply because the owner is late on one payment.  There is no guarantee the home will ever make it to the market.  The owner has many options to cure the default, refinance or short sale before an actual foreclosure.
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August 12 2013
 
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