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 10 years ago on . Most recent reply

User Stats

16
Posts
8
Votes
Vincent Lewis
  • Real Estate Investor
  • Scottsdale, AZ
8
Votes |
16
Posts

Newbie Needing Pre-Foreclosure advice

Vincent Lewis
  • Real Estate Investor
  • Scottsdale, AZ
Posted

I found out that a friend of mine is in pre-foreclosure. I think this may be a good opportunity but I'm totally unsure how to go about it. This would be my first endeavor in RE and it may be a serious stretch for a newbie but I'm willing to try if it makes sense and is feasible. She has a SFR in WI but moved to FL and I live in AZ. Being unfamiliar with the SUB 2 laws in WI regarding pre-foreclosure, which I think is the way I would want to go in this situation (but I could be wrong) I am seeking advice from anyone that may be able to offer some direction and insight. Initially I hadn't reached out to her on this topic because I don't want to get her hopes up and then be unable to follow through, but I spoke with her little bit ago and she seemed somewhat receptive to the idea. She's gathering the specifics for me so I don't know the numbers at this point. But I am trying to get some input from the more experienced before trying to proceed. Thoughts on this would be appreciated.

Loading replies...