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Updated almost 6 years ago on . Most recent reply

Scott Slocum's profile image
Scott Slocum's profile image
Scott Slocum
  • from Banning Ca.
  • Member since Apr 14, 2019
Connect

User Stats

26
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5
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Scott Slocum's profile image
Scott Slocum's profile image
Scott Slocum
  • from Banning Ca.
  • Member since Apr 14, 2019
Connect
Scott Slocum
  • Banning Ca.
5
Votes |
26
Posts
Multi-Family and Apartment Investing

How does buying a pre-forclosed property work?

Scott Slocum
  • Banning Ca.
Posted

I've found a quadplex in pre-forclosure. There is just over $80,000 left on the loan and the current owner is behind just under $10,000. I am completely new to this,  haven't done any types of deals. What are my options?  One unit is 3bd 2bth and the others are 2bd 2bth.  Let me add it is located in California.  I've looked at similar properties in the area and there all over $400k. 

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