Can you buy preforclosure homes

[Kellee Fulmer]

Can you buy pre-foreclosure homes before the auction date? Wondering if it’s worth asking distressed owner to buy their property... located in California

[Dylan Barnard]

Just think of the bank's perspective: they are in the business of generating loans and borrowing money short term (deposits) and lending out long term and collecting the spread. They are not in the business of selling real estate. Any money and time you can save them by bidding on a pre-foreclosure property will be worth it for you and them if the price is right. It is worth it to at least try.