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Updated over 9 years ago,
Buying a possible foreclosure
Hello wonderful people of BP.
I have a situation where someone in my neighborhood passed away in March and the family wants nothing to do with the home. Apparently they have signed papers with the bank to start the foreclosure process(within the last 2months). There is a mortgage on the home but it is not under water. Is it still possible for me to acquire this property even though the family has started the foreclosure process? If so can someone point me in the right direction? I plan to either add it to my rental portfolio or wholesale it
Any help is greatly appreciated.