Quote from @Marty Boardman:
Quote from @G Pyros:
Quote from @Marty Boardman:
Quote from @Shenell Caldeira:
Aloha! I am looking at a pre-foreclosure now in Hawaii, how do you contact the bank or what would be the first step?
In the pre-foreclosure phase the ONLY person you can talk to is the owner of the property. That's who you contact to make a deal. As @Chris Seveney noted, the bank won't provide you any info. You're not the borrower and you have no vested interest in the property.
The FIRST step is to verify that there is still an auction date scheduled and the case is active. You don't want to waste time contacting the owner if they're not in foreclosure anymore. You do this by calling the foreclosing attorney (or checking their website). If the case is still active the next step is to make contact with the owner. Write them a letter, track down their phone number to call and/or text and knock on their door. But I recommend waiting to do any of these things until there are 30 days or less left before the sale. By this time the seller is running out of options and will be more willing discount their price.
Good luck Shenell!
Marty, this is good advice. So only contact the attorney to see if the foreclosure is still active? This is the only question to ask the attorney? What about asking if the seller is motivated/interested to sell? Can the attorney "broker" this deal or not their job?
The only information the attorney will provide you is whether or not the case is active, cancelled or postponed. The attorney works for the bank, not the borrower (homeowner). The attorney won't know or won't care if the homeowner is interested in selling. And no, the attorney can't broker the sale of the property.
It's very simple, if you want to buy a house in foreclosure prior to the auction you MUST deal directly with homeowner. That is the only person/s that can sell you the property. You're wasting your time contacting or speaking with anyone else other than the homeowner/s.
Understand. I called a few leads for pre-foreclosures. Some attorneys this question was very normal, had a system and prepared, others weren't and said "I need to ask the attorney"
I am simply asking; "I am inquiring about property XX if it is still active in foreclosure"
Is this safe to ask? Anything I can add or more information? What about stage of foreclosure?
