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Updated about 9 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Austin, TX
  • Member since Sep 2, 2015
Connect
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Austin, TX
  • Member since Sep 2, 2015
Connect
Account Closed
  • Rental Property Investor
  • Austin, TX
176
Votes |
280
Posts
Foreclosures

Found a possibly great preforeclosure. Next steps?

Account Closed
  • Rental Property Investor
  • Austin, TX
Posted

Hi everyone! I found what appears to be a great foreclosure in my area. The 2500 sqft SFH is set to go to auction on March 1st. Per the county records, the only Lien is the primary BofA Lien for 172k. Recent comps in the area are around 350-385k without extensive rehab. Property seems to be in great condition. My question is, how can I go about getting this property before it goes to auction? What is the best strategy?

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Wayne Brooks's profile image
Wayne Brooks's profile image
Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
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Wayne Brooks's profile image
Wayne Brooks's profile image
Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
Connect
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Knock on the owner's door, and buy it.

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