Found a buyer on a pre-foreclosure what's next

[Desiree Reguyal]

Lender is willing to lend me a hard money for a one year time frame. I found a house that has 150,000 equity that's on Preforeclosure .I found the owner, but what is my next step ?what exactly are the documents needs to be signed? Title has no lien aside from unpaid taxes and bank owned. Pls help, newbie here.

[Minna Reid]

If it's bank owned its not a pre-foreclosure. Its been foreclosed. If that's the case you likely wont be able to buy it until its listed. If it is in fact not yet foreclosed, you will have to locate the owner and get them to agree to sell it to you.