All Forum Posts by: Tyler Kurz

Well we gave it a shot. Sent a letter at the beginning of last week, then this weekend tried knocking on the door. I could hear that they were home, but they didn't answer. Tried a phone call with no answer there either. I'll have to say, knocking on the door was about the scariest thing I had ever done. I think I almost backed out twice heading up the driveway.

I'll have to keep my eyes out to see if this one makes it to auction. We did some more digging through our agent, and think they may just have figured out how to work the system. It looks like they had been foreclosed on in the past, but were able to refi out of it once. Maybe they did again?

Either way it was a good learning experience, with a lot of good help from this forum. I really appreciate the words of wisdom. The call to action was very helpful as well. I think it was just the kick I needed in the right direction.

Off to try to find a new property to get that elusive first deal.

Thanks!

Thanks for all of the great info. We're trying to reach out to them now start with a letter and follow up with a phone call. Hopefully we'll get somewhere.

We found a property that is going through the foreclosure process. It is scheduled to go to auction at the county court house in a month. We had our real estate agent look into the property for us and had a title company pull a report. From what we can tell there are no liens on the property and we could afford to offer more than what is owed to the bank and escrow.

We're new to foreclosures, so my question here is at this point could we purchase the property directly from the owner before auction?

We also know the property is currently occupied by the owner, and the retail value is probably about 2x to 3x what is owed. We feel like we are missing something here? If it goes to auction and sells for more than what is owed where do the additional funds go? Owner, bank, county? In this situation, when it would even need to go to short sale, why wouldn't the owner put it on the market and walk away with cash?