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Updated over 9 years ago on .

User Stats

1
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0
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David Westbury
  • Investor
  • Northbridge, MA
0
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1
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trying to understand pre foreclosure

David Westbury
  • Investor
  • Northbridge, MA
Posted

OK first I want to apologize if I come off like I have know Idea what I am talking about. it was just recent that I have been finding what I want to do in my life and think I have finally found it. I Want to make money while helping others. I love buying and selling things which got me to questioning what could relate to both helping people while making money and buying and selling things. I know there is more to pre foreclosures then just that but this is what I am determined to learn and want to do. I guess the question I have for you all is, what happens when you have an agreement with a home owner in the pre foreclosure process where I would pay there delinquent pass due bills in return there house doesn't get foreclosed on and I get the property. I understand there is a way to do it with the loan staying in there name until the house is resold under agreement but what happens if the house doesn't resell who makes all those monthly payments? and how can I minimize the chances of a home not selling. Once again I apologize if I come off ignorant and hope one of you can give me some great advice and help me get into this market. thanks for your time