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Updated about 9 years ago,

User Stats

401
Posts
221
Votes
Albert Ng
  • Rental Property Investor
  • San Jose, CA
221
Votes |
401
Posts

Foreclosure Auction - House with large liens / judgements

Albert Ng
  • Rental Property Investor
  • San Jose, CA
Posted

I'm checking out a house that is going to foreclosure auction sale soon. It has over $210K lien / judgement & over $500K mortgage. The estimate value of that house is around $650K. I know the house owner. Is there any advantage? And is it possible to do a short sale or anything like that, or should I just wait & buy it at auction?

Thank you,