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Updated over 2 years ago on . Most recent reply

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93
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25
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Grayson Grzybowski
25
Votes |
93
Posts

General Question when it comes to Pre-foreclosure homes

Posted

Why cant a person who has a lot of equity thats in pre-foreclosure just sell there home and use that to pay off the balance?

Most Popular Reply

User Stats

129
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107
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Trevor Schmitt
  • Rental Property Investor
  • Fargo, ND
107
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129
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Trevor Schmitt
  • Rental Property Investor
  • Fargo, ND
Replied

They can. The sale price may have to be approved by the lender at that point. 

Sadly, many people won't take the initiative to do so and will sit there and let the bank take the keys.

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