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Updated over 10 years ago,

User Stats

80
Posts
3
Votes
Amir Saeed
  • Investor
  • Bethesda, MD
3
Votes |
80
Posts

Buying before Auction

Amir Saeed
  • Investor
  • Bethesda, MD
Posted

Hello

When a property is about to be auctioned at the courthouse basically it means that the owner is in pre-foreclosure. I assume the owner can still bring all the requirements up to date before the last minute, and prevent the auction.

My question is if I approach a home owner with a property that is scheduled to be auctioned at the court house. Can I still assist him by buying the property, lets say the property owner has two to three weeks before his property will be auctioned, and lets say the home owner cannot correct the situation, and he is willing to sell it. Would the bank still work with me on such a short time line or I will just be wasting my time.

Has anyone experienced it. Pls suggest any tips.

Thanks

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