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Updated over 8 years ago,

User Stats

79
Posts
60
Votes
Rochelle Wilkinson
  • Property Manager
  • Phoenix, MD
60
Votes |
79
Posts

approaching owners before a foreclosure sale

Rochelle Wilkinson
  • Property Manager
  • Phoenix, MD
Posted

There are about a dozen homes in foreclosure in an area that has high rental demands.. I am new to all of this and wondering what is legal? or a good way of going about contacting the home owner and seeing if there is a way to buy directly from them or resolve whatever issue is causing the foreclosure ( be it behind on payments or behind on taxes) in a manner that gives me rights to their property/ the ability to rent it out and somehow pay them a fair amount that avoids foreclosure .. technically making us BOTH owners of the property.. how can i legally get my name on the deed along with them by buying in and avoiding the foreclosure.. I must add I would then rent the property out and the money I give them would be used for them to move elsewhere that fits their budget.. thus keeping a foreclosure off of their record.. and putting cash in their pocket as opposed to losing everything..does anybody do these kinds of deals or am i thinking crazy thoughts???

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