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Updated about 4 years ago on . Most recent reply

User Stats

48
Posts
28
Votes
Ralph Stowe
  • Richmond, VA
28
Votes |
48
Posts

SWAT Raid = Foreclosure Opportunity?

Ralph Stowe
  • Richmond, VA
Posted

This morning the SWAT team raided a home in a nice neighborhood ranging from $220k-$280k.  Could this be a potential pre foreclosure buying opportunity? The house is in excellent shape aside from the front door where they forced entry. Trying to find the mortgage holder. They won't see another dime. All input is appreciated.

Most Popular Reply

User Stats

285
Posts
220
Votes
David Stone
  • Rental Property Investor
  • Des Moines, IA
220
Votes |
285
Posts
David Stone
  • Rental Property Investor
  • Des Moines, IA
Replied

Could be a rental, owner will still make payments, fix door, find new tenants... Keep an eye on it and jump on the opportunity if one presents itself but not necessarily an in indicator of a deal.  Also, could be meth lab and require decon :)

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