Foreclosure Lis Pendes

[Boris Portnov]

Hello BP Community,

     I've found that the banks in North Jersey are unwilling to sell below market value on their REOs. I'm considering reaching out the recent Lis Pendes Foreclosures in order to negotiate a short sale. 

   This is brand new to me so I'm hoping someone can share their experiences with me. Thanks in advance!

*How do you approach homeowners during this stressful time?

*is it advisable to hire a lawyer to negotiate price? 

*will the banks agree to conventional funding on such deals. 

*how do you deal with title issue such as a 2nd mortgage (possible short sale also?)