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Updated about 15 years ago,
Possible Pre-foreclosure Deal
A few months ago a friend of ours couldn't afford the mortgage payments on her home and decided to let her house go through foreclosure. I don't think it actually foreclosed yet. Her home is in Solano County California very nice area. It's newer home in great condition in a nice middle to upper middle-class neighborhood.
I was thinking about helping her out by avoiding foreclosure and sell it through a short sale.
I am still new at RE investing, but I'm hoping someone here can give me the ins and outs of this possible deal and how do I proceed with this possible deal.
Thanks,
Ed