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Updated about 7 years ago,
Approaching owner before foreclosure auction
Hi everyone!
I’ve found a property within a mile of my current live-in duplex, and have been reading up on the auction process and timeline this past week. I️ want to see if there was a way to make a deal out of this situation and help the owner avoid this event.
What would you say is the best way to approach a homeowner before the foreclosure auction? Has the owner’s credit already been impacted since the auction has a set date? I’m at the point where I️ May try to leave a handwritten note on the door.
What questions do you ask to find out the pain-points? What question gets people to divulge their equity position (especially as they face foreclosure)?