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Updated almost 8 years ago on . Most recent reply

User Stats

218
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27
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Paul Fagot
  • Wholesaler
  • Redding, CA
27
Votes |
218
Posts

Question about Pre foreclosures

Paul Fagot
  • Wholesaler
  • Redding, CA
Posted
Still learning and reading about pre foreclosures but wondering if it's possible (if there's enough equity) to buy a pre foreclosure by paying off the payments that they were behind bringing it current. Give the sellers money to move out or help with a down payment to buy a new house and recommend them to an agent. Then re-selling the house with an agent??? Just been curious about it.

Most Popular Reply

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1,293
Posts
500
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Brett Goldsmith
  • Investor
  • Los Angeles, CA
500
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1,293
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Brett Goldsmith
  • Investor
  • Los Angeles, CA
Replied

Yes. Good option if numbers make sense, if home has equity, and if sellers are open to it. Subject-to but needs to be done right.

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