First Subject to Foreclosure in exactly 30 days can it be done

[Wendy Busa]

New investor.

I am interested in a property that is in preforeclosure. The date for the auction is Jan.10th. I have not contacted the owner yet, because I am not sure how long the process of doing a subject to takes. I would never promise something that I could not follow thru on.

I would need to make sure there are not any liens, get a clear title, find out what is owed on the mortgage and taxes,

get a lawyer to create some documentation and have the deed signed over. 

Is this something that can be done with in 30 day?

I have read that the homeowner can still file for bankruptcy, is that correct and if so, is there a legal document that can be drawn to protect against this?

I appreciate all input. Thanks.