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Updated almost 9 years ago on . Most recent reply

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Stephen Oakes
  • New Braunfels, TX
0
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10
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Foreclosure Opportunity - Is it staring me in the face?

Stephen Oakes
  • New Braunfels, TX
Posted
I have an inkling that my neighbor across the street is going through the foreclosure process. However it hasn't been listed in the consumer world and I haven't caught them in person to ask. 1.) For future reference Besides asking someone if they are being foreclosed on what is a more political tactic that can be effective? 2.) What is the process of accessing your local foreclosures early? Some sort of public record? 3.) in this case if I wanted to "save" them from the foreclosure on their credit history how could I buy it outright and offer to them directly? I feel like there is an easy tactic to be successful here depending upon their reaction. Can I offer them cash down and to pay off the loan if they sign over? If so which lending route do I take?

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531
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Sarah Ziehr
  • Real Estate Broker
  • Chicago, IL
265
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531
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Sarah Ziehr
  • Real Estate Broker
  • Chicago, IL
Replied

If they are facing foreclosure, then they can't make the payments- what makes you think they will pay you back?? 

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