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Updated about 6 years ago,

User Stats

5
Posts
1
Votes
Philip Holzknecht
  • Richmond, VA
1
Votes |
5
Posts

Pre-Foreclosure? Looking for the right approach

Philip Holzknecht
  • Richmond, VA
Posted

Hello BP family,

I am looking to make an offer on a home that is currently having issues paying the mortgage. I believe this is called the pre-foreclosure phase and I want to know if any of you have experience with this type of home purchase? 

How could I find out how much is owed on the home and what their current mortgage is? I would use this information to factor in what a reasonable short-sale price would be for the property. I understand they could possibly say "no," but nothing ventured, nothing gained. 

Thanks all!

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