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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.

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