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Updated over 5 years ago on . Most recent reply

User Stats

14
Posts
4
Votes
Tyler Harris
  • Developer
  • Charlotte, NC
4
Votes |
14
Posts

Pre-Foreclosures I am in the dark!

Tyler Harris
  • Developer
  • Charlotte, NC
Posted

Okay, So I am in the dark a little bit with pre-foreclosures. I am looking into buying a property to flip or use the BRRRR strategy but first I am trying to do all my research.

I understand that in order to get a pre-foreclosure you have to contact the buyer. But if the buyer agrees to make a deal with you then what? How does the process work with and agent? How does the process work without an agent? 

How do you make sure that the house becomes yours after you pay off their debt? Also where does the house going to auction come into play?

Sorry for all the questions just trying to wrap my head around all of the pre-foreclosure concepts.

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