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Updated over 5 years ago on . Most recent reply

User Stats

6
Posts
1
Votes
Knowe Dials
  • Lubbock, TX
1
Votes |
6
Posts

Pre foreclosure VA loan Subject to

Knowe Dials
  • Lubbock, TX
Posted

A friend that has a VA loan, is behind more than two years of mortgage payments. They have already filed bankruptcy, which I believe has allowed them extra time to catch up on back payments. I'm not sure on those details. Now, the bank is moving towards foreclosure. She is getting daily calls from realtors, in her area, that want to buy her home. I assume they have access to pre-foreclosure information and see there is a possible opportunity. Is there a way to get her house under contract like "Subject to" or some other process that I can do to acquire the home from her. If anyone can assist me, I am very interested in trying to make this a profitable deal. Whatever advice you can provide would be great. You can PM me as well. This is a serious inquiry.

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