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Updated over 6 years ago,

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Want to buy neighbor's foreclosure

Posted

The person who lives next door to me was listed in the paper this week to be in foreclosure proceedings. By Nov 2018 .

Mortgage was for 64000 current owners 24000.

Property would have a value of a minimum of 190 though I know he is a hoarder and the interior will need a lot of work and some work on exterior. I checked and they're No tax liens.

Our neighborhood is doing very well with home sales.

We have a decent relationship with him. So I think we could approach him. I would like to make him an offer to pay off his mortgage debt and hopefully limit the impact on his credit.  Then we'd obtain the property.  Move him out in 6 months. 

Could he still sell the house to me at this stage of the process? 

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