Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

2
Posts
1
Votes
John J Murray
1
Votes |
2
Posts

Can you buy a property before a foreclosure auction in Massachusetts?

John J Murray
Posted

Hello, 

I'm a 22 year old contractor and I've been researching different ways to acquire properties in my state of Massachusetts due to the competitiveness at all the foreclosure auctions I attend, there are a lot of "bigger fish" that have more funds to spend then I can/the bank bids them up. I was curious if anyone knows if you're able to purchase the property before the auction as in going straight to the owner. When researching I've gotten mixed answers such as you can or you can't once there is a set date for the auction. If anyone has any info on this i'd greatly appreciate it.

Thank you

Most Popular Reply

User Stats

1,489
Posts
1,024
Votes
Alex Deacon
  • Investor
  • Pittsburgh, PA
1,024
Votes |
1,489
Posts
Alex Deacon
  • Investor
  • Pittsburgh, PA
Replied

@John J Murray we purchased hundred of properties at auction here in the Pittsburgh market. I assume its the same in most states. We have purchased quite a few before the auction. You can stop the sale if you know how to do it properly. You need to get the seller on board and have an attorney help you through the first one. The biggest challenges are 1. Is there enough meat on the bone. The sellers may owe more than its worth. 2. Finding the seller and explaining the process to them and how you can stop the sale and help them.

Seek out a good local experienced real estate attorney who knows the sheriffs sale process.

Loading replies...