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Updated almost 8 years ago on . Most recent reply
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How to get into pre-foreclosure with seller financing
Hello everyone. I’m new to Bigger Pockets and real estate investing and I need some help. I would like to buy some properties preferably in the per-foreclosure stage I have good credit but I would prefer to use seller financing for it. How should I go about buying the property?
1. I have few leads where the properties are in the per-foreclosure stage
2. What would be the best way to approach the seller?
3. What paper work is required to complete this process (Deed transfer)?
4. Who would be able to help me with filling the paper work (Title company or do I need real estate lawyer)?
5. How to setup seller financing (paying mortgage directly to the bank instead to the seller)?
6. I’m I missing something?