How to obtain a foreclosure that has not been posted.

[Lizina Green]

There is foreclosure in my area that has been seized and has been in the foreclosure process for over 2 years. It has not been listed for sale and still under the direction of a law firm.

Has anyone been able to purchase a property during this phase of the foreclosure process? If so, how?

Thanks

[Ray Slack]

Although it may be a bit over your head you could send an offer to the 1st mortgage holder to buy their mortgage for say $150k.. Then get the seller's to deed the property over to you for a small fee say $5,000.   Then you could continue the foreclosure process as the 1st lien holder and wipe out the other liens.