Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

Account Closed
  • Statesville, NC
1
Votes |
18
Posts

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.

Most Popular Reply

User Stats

1,425
Posts
1,480
Votes
Cara Lonsdale
  • Realtor and Investor
  • Scottsdale, AZ
1,480
Votes |
1,425
Posts
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.

Loading replies...