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how do you go about finding info on preforeclosure homes

have a house in mind and would like to see inside
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March 04 - Millcreek Township
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Profile picture for wetdawgs
Here's a link to Zillow's section about buying pre-foreclosures.   It is not easy, and many owners will be quite affronted by your knowledge and interest.

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March 05
Susan is absolutely right. Your only option is to contact an owner and find out it he/she is interested in selling. Being in a pre-foreclosure status does not automatically means-the house is or will be for sale. The owner can try to do loan modification to keep the house etc. If you are interested in buying a house, I suggest that you focus on houses that are actually available for sale (many can be in pre-foreclosure status- they can be recognized as short sale).
Good luck!
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March 05
There is nothing you can do to buy a preforeclosure.  Sometimes home owners can recover from a preforeclosure state and keep their home.  Technically a preforeclosure isn't even a foreclosure.  It means that the owners are behind on their mortgage payments and are at risk of falling into a foreclosure situation.  You simply have to wait out the process of the bank foreclosing on the property or putting the house up for auction.  You need to keep an eye out in your local newspaper where the auctions and foreclosures are announced to the public.  The only way a foreclosure hits the main market is when the bank contracts with a broker to list the home for sale and that could take a year or more.

There is a  BOLD move you could make. Speak to the home owner and express an interest in buying his property and see if he is open to selling his property to you, He still owns it, not the bank.  Good luck.
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March 04
 
Related Questions
how do you go about finding info on preforeclosure homes
Profile picture for wetdawgs
Latest answer by wetdawgs
March 05 | 3 answers
  • Asked by zuser20140303081540718
  • In Home Buying
  • March 04
Mortgage Rates
 
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