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Updated almost 8 years ago on . Most recent reply
![Chris Houghtaling's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/586710/1694606850-avatar-chrish187.jpg?twic=v1/output=image/cover=128x128&v=2)
Renting home foreclosed Make deal with bank to buy before auction
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