Home owner waited until 7 days prior to auction date to call me

[Kevin Ely]

A San Diego homeowner contacted me today asking for help - his house was going into foreclosure and he wanted to see if I could help.  The only problem is, the recording date was 8/31/2017 and the auction date is 4/9/2018 - less than a week away. The way I see it he only has two options - pay all the back money owed, or file for bankruptcy. He has an attorney as well.

Anyone ever close on a pre-foreclosure in 6 days? 

[Wayne Brooks]

If you’re paying cash, that is Plenty if time.

The oreforeclosure game, especially since so many end up like this at the 11th hour, is a game for Cash buyers.....not those needing to finance or trying to wholesale.

I’ve never liked the idea of wholesalers playing in this arena anyway.....they often will tie up an owner who is on a clock, then they can’t flip it, and it’s like “oh well, it didn’t work out” when the owner Could have sold to real buyer and now likely doesn’t have time to do do.