Pre-foreclosure advertising law

[John Halvorson]

Hi! Working on a second flip that we found on the CRMLS but I was interested in trying to approach a person who might be in pre-foreclosure for our next flip to see if we might be able to come to a mutually beneficial agreement so they can avoid the big F but not rob them of their equity or homes.  I know their might  be some predatory practices out there and I don’t want be involved in any of that but I think there might be some options where we could make a fair deal with some one going throgh a tough time like this. That being said I know a lot of people cold call people in pre-foreclosure and I’ve seen the letters and scripts people use but I was wondering if you were allowed to advertise that your buy pre-foreclosure homes. Might be a stupid question as I realize you probably can’t say certain words like “foreclosure” or “help” but I’m looking for some direct links to guidelines and or laws if anyone has a place where I can read up on those I would be very great full. 

[John Halvorson]

Thanks Ken! Appreciate the link. Good info here. It seems like you might know a good amount about pre-foreclosures in California. From the link you sent it seems your recommending becoming a foreclosure consultant in CA but it seems as though if you become a consultant you can’t really purchase homes that are in foreclosure or pre-foreclosure. Am I reading this incorrectly and are you not allowed to approach pre-foreclosure in California with out becoming a foreclosure consultant? 

In appreciation of your patience and knowledge, I’m very new to the foreclosure world and don’t want to miss step or get in trouble for not knowing what I’m doin. The only thing I’m able to find about buying pre-forclosures online is all about “subject to” so thank you for sending somthing other then that. It’s seems from your link that “subject to” might also not be allowed in California. Is that correct?