Auction Date in newspaper

[Rich Hupper]

Hi BP

For cash buyers like myself, is there a chance I could pay off a foreclosing mortgagee before the auction takes place? I always follow the local newspapers for auction dates. However I am wondering if I could reach out to the mortgagees local debt collecting attorney and work out a purchase agreement with them instead of waiting until the auction takes place. Granted it might not be in the best interest of the bank however they would get their money faster because I would buy it subject to any other liens. I have a lot of experience researching title so before I even reach out, I know what I am getting into. 

Would a banks attorney disclose payoff information to me? 

Thanks for your

[Ron S.]

The short answer is no. Can't buy something from someone that doesn't own it. Assuming you mean buying the note instead of the property...why would they sell it to you? They are already in foreclosure and it costs them nothing more to finish the foreclosure, especially if they've published and have a sale date.

and why would you want to? Why wouldn't you want to buy it at sale and just have any liens behind the foreclosing entity wiped out? They surely aren't going to discount it for a fast sale to you so outside of that non reality, I can't see why you'd want to.