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Updated over 7 years ago on . Most recent reply

User Stats

27
Posts
12
Votes
Beth Wheeler
  • Investor
  • Wilmington, DE
12
Votes |
27
Posts

Potentional Fix and Flip going into Forclosure, how do I proceed?

Beth Wheeler
  • Investor
  • Wilmington, DE
Posted

I am a new investor and I have been watching a house that is vacant and trying find who owns it and how to get a hold of them.  I went by last night and saw a notice posted by the State Superior Court with a notice of foreclosure action.  It lists the bank and the three owners of the property. I did a parcel search and it looks like the house is in the name of a living revocable trust.  I think there is a lot of potential for a possible fix and flip.  I have never dealt with any type of foreclosure before and I am not sure how to move forward to inquire about this property and possibly snatch it up.  I am also not sure what the drawbacks or roadblocks would be since it is now in foreclosure process.  Help Please!!

Thanks

Beth

  • Beth Wheeler
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