question about foreclosure that i stumbled on

[Tony Gatto]

Help !!!!!!!! I walked into a whole house sale yesterday.

Striking up a conversation with the lady i finds out the owner is loosing the home in foreclosure... I manage to get his phone number...Call.... and sure enough he is supposed to be out by mon the 16th

Now there is equity in the home. I can get the cash to buy out the mortguage.

However i have the following questions

1 - when is it to late for the homeowner to settle ?

2 - Do the banks usually add fees and higher intereste on the property or would i be able to just pay off the mortguage and be square?

70k in equity would be a sweet little deal.