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Updated over 7 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Statesville, North Carolina
  • Member since Jul 6, 2016
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Statesville, North Carolina
  • Member since Jul 6, 2016
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Account Closed
  • Statesville, NC
1
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18
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Foreclosures

How to buy Foreclosure

Account Closed
  • Statesville, NC
Posted
Is it possible to buy a foreclosure on Auction.com with financing? I’m pre approved for a home loan and have 20% to put down.
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Cara Lonsdale's profile image
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Cara Lonsdale
  • Realtor and Investor
  • from Scottsdale, AZ
  • Member since Oct 23, 2017
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Cara Lonsdale's profile image
Cara Lonsdale's profile image
Cara Lonsdale
  • Realtor and Investor
  • from Scottsdale, AZ
  • Member since Oct 23, 2017
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Cara Lonsdale
  • Realtor and Investor
  • Scottsdale, AZ
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Cara Lonsdale
  • Realtor and Investor
  • Scottsdale, AZ
Replied
Originally posted by @Andre S Walters:
HI, Sorry to be  a complete newbie investor...But would be the best way to find distressed sellers who have already given their foreclosure notice?

My County Assessor records??

If your county has recorded docs available for searching, then Notice of Trustee Sale (that's what a foreclosure is called) should be there.  The notice is first given 90 days prior to the sale, so Sellers have 90 days to sell, redeem, or get in contact with the lender to make arrangements.  Sometimes the lender will delay the sale by another 30 days if there is a contract pending, or longer, if the Seller has filed bankruptcy.
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