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Updated almost 8 years ago on . Most recent reply

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Chris Houghtaling
  • Homestead, FL
0
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19
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Renting home foreclosed Make deal with bank to buy before auction

Chris Houghtaling
  • Homestead, FL
Posted

I rent a home that is in foreclosure.  Last foreclosure court date for the owner is June 5th. He will lose the house. I assume that there will be a auction 1 month later. Can I negotiate a deal to buy the house with the bank before the auction date. (to late for short sale already tried)

Because if i wait for the foreclosure auction, (if i can raise the cash) and if i don't win it, I can really be put  in a very bad position if the winner of the auction possibly giving me 24-48 hours to get out.  (writ of possession) Its a risky gamble!  Also if anyone out there is an experienced broker/agent in foreclosure and would be willing to help in this deal me please let me know.

I'm in Homestead Fl. Like i said "Its a risky gamble to do this living in the home" 

Im pre approved for a loan and there is a possibility i can raise the cash for a cash offer. 

Thanks Chris

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