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Updated over 4 years ago on . Most recent reply

User Stats

109
Posts
58
Votes
Joshua Schmidt
  • Investor
  • Central Arkansas
58
Votes |
109
Posts

Can I buy a house that is scheduled for auction, b/f the auction?

Joshua Schmidt
  • Investor
  • Central Arkansas
Posted

I have been watching a property since June of 2020 and it is an auction property. The auction has been postponed about 5 times and I wanted to see what my options are or if anyone here may have any insight. I want this property, it was listed in Sep of 2019 (before I knew about it) for 115k. By my calculations, they owe about 88k on it. It has definitely went through the foreclosure process which I pulled from public record. I have the mortgage lenders number and the lawyer overseeing the auction. Is it possible to contact them before the auction and buy this property outright before it goes to auction? The house is vacant, so I'm not sure if the owners are still involved at this point or not. Looking forward to any input, thanks!

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