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Updated over 5 years ago, 05/30/2019
Foreclosed Multi Family Properties
I found some multi family properties nearing foreclosure. I have the owners contact information, so I was wondering if there is such a procedure for mailing something out, and letting them know that you are interested in taking over the loan, providing they can provide some financial information about the property.
Hi Mark,
Call on the phone or show up in person.
Good Luck!
Going to have to make a phone call then, most of the owners live out of state @Scott Mac. I'm not sure how we would set up a deal, with both of us being out of state, but I have found about 5 solid looking properties out of the 1000 I looked through.
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#2 Land & New Construction Contributor
- Developer
- Charlottesville, VA
@Mark Miller there are a number of ways to structure a deal with the owners. The key is to get them on the phone and find out all the info you can, build report and create a win win.
@Mark Miller I would place a phone. Time is of the essence of this information is accurate. Drive be there address if local.