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Updated about 6 years ago,
Finding total amount owed on a pre-foreclosure property
Hello everyone my name is Sam and I'm beginning my wholesale journey in the New Orleans area. I have a few questions specifically about pre-foreclosure properties that are coming up on an auction sale.
1. How do I figure out the total amount owed, including writ, liens, violations, remaining mortgage, etc?
2. Does that amount get paid at closing?
3. Does a buyer need to wait for that amount to clear with the county/parish before the home can be purchased?
Any info about wholesaling pre-foreclosure properties will be much appreciated.
Thanks,
Sam