New Jersey Pre Foreclosure

[Chris Daliani]

Hello BP,

I know of a property that is in pre foreclosure. I went to the local city hall of the town in New Jersey to inquire about the property. They advised that the owner was in pre foreclosure. My question is....how do you go about trying to purchase a pre foreclosure in the first place?

Do you contact the attorney for the bank first to find out what is owed? Or contact the current owner and make them a deal? Once contact is made can you buy directly from the owner or everything has to be done through the bank?

Thanks!