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Updated almost 6 years ago on . Most recent reply

User Stats

88
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49
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Kat Rathell
  • Rental Property Investor
  • Milwaukee, WI
49
Votes |
88
Posts

Pre-foreclosure deal offer

Kat Rathell
  • Rental Property Investor
  • Milwaukee, WI
Posted

Hi! I am currently looking at a property on Zillow that is listed as a pre-foreclosure. The price is excellent (albeit it is a Zillow estimate of what it would foreclose for).

How do I go about contacting the owner/lender to put in an offer? The property is not officially on the market. Or who is it better to contact in a case like this?

We are in Wisconsin, not sure if this is relevant. 

Thank you!

Most Popular Reply

User Stats

863
Posts
554
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Jake S.
  • Rental Property Investor
  • Minnesota
554
Votes |
863
Posts
Jake S.
  • Rental Property Investor
  • Minnesota
Replied

Hey Kat!

I would first talk to a local realtor and get some more details on the property, whether it is still in pre-foreclosure, the comps, etc.  Zillow isn't always up to date when it comes to foreclosure stuff.

Otherwise, you can go to the persons home and talk to them, you can send them letters, find their number and call them, etc.

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