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Updated almost 11 years ago on . Most recent reply

Tom Shine's profile image
Tom Shine's profile image
Tom Shine
  • from New York
  • Member since Feb 13, 2011
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Tom Shine's profile image
Tom Shine's profile image
Tom Shine
  • from New York
  • Member since Feb 13, 2011
Connect
Tom Shine
  • New York
0
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8
Posts
Foreclosures

How to buy preforclosure

Tom Shine
  • New York
Posted

Hi, i'm a newbie investor and just started reading BP, I like all the info. I have a question about buying a foreclosure. My neighbors house has been vacant for about three years and I just noticed it being recorded on a foreclosure site. the homeowner is upside down.The house is worth around 250k according to RealtyTrac i didn't do the comps myself. the equity is -84k. Is a short sale the only way to acquire this property. Thanks.

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