Pre foreclosure purchase

[Jessica Thompson]

Hello BP. I'm seeing some properties in my area in a pre forclosure status, and I would like to know how would one go about purchasing these properties, without having to wait until it reaches foreclosure and going to an auction? I would like to live in it for a while, before eventually turning it into an investment property. I absolutely do not want the FBI knocking at my door, lol, so I want to make sure I'm going about it the right way. Looking forward to your experiences, knowledge, and advice!

[Ron S.]

Ask the owner if they will sell it to you. If they say yes, buy it? It's really that simple. A property that is in foreclosure sells no differently than a property that isn't in foreclosure. That said, foreclosure rescue scams (Which I get...you wan to do everything right) aren't simple. To keep it simple (And to protect yourself), hire an agent.