Houston Texas home pre-foreclosure short sale

[Demarkus Fielder]

hello BiggerPockets the Curious newbie. BiggerPockets forms has been an amazing and because of the information I have received I have took action and today I ran a cross a home going into pre-foreclosure however while at the home I noticed a yard sign with an agent number so I called and I was told the home was going into a short sale however due to the fees upon the home the short sell will be a little more expensive than if the fees wasn't on the home in this case scenario what is my best route to take and how should I go about handling this situation thanks for the help everyone has been awesome

[Lisa Williams]

Demarkus, I have seen these in my market too, and it is a fairly new strategy to sell these short sales, that at least here in Oklahoma, doesn't seen to be working. But, I would advise you to go see the property, and do your research. If it is worth investing in, with the added fees, then make an offer. But many of these wind up as bank owned properties, and at that point, the liens/additional fees should have been settled by the bank. Again, if you have seen the property, and done your research, you can be first in line to buy the bank owned REO when it comes back on the market, with your foreclosure savvy realtor. Jim is right, get your financing in order, and find a realtor that will work with investors. Best of luck!