Who do you approach, how do you make an offer?

Even when you were hearing in the last few years how incredible it was, there were people still losing tons of money.And just like you now hear about how bad the market is, there is individuals making a killing.

The book just didn't flow like some other books I have read lately.He sounds like an old school guy and maybe that approach just comes across as dry/boring when you are reading or maybe it just went over my head for parts of the foreclosure process.I'd give it a D.

They were back on their feet again though it sounded like.I'm still going to try this approach though, I have to just remind myself that it will be a win win situation if we can work something out.

I like your approach.

It is merely another way to approach sellers without appearing to be low balling them.If they should give you a bottom line "out the door" number, then I would write the contract and put in the "provisions" that the deal is contingent upon the payoff amount and the seller must net X amount in the end (the number they said) after all fee's etc. have been paid at closing."

Being in northern NJ (where a garage is 200k) and first timer with limited funds is incredibly discouraging.

I'm skeptical, but that's because I don't want to get burned, plus when it comes to money I'm just really cautious regardless of the amount.One more general question (for now) - if I do approach a bank to purchase a home that has been foreclosed, will I have much success making an offer that matches the principle remaining, or do I need to make an offer somewhere between the estimated (appraised) value and the principle that remained on the loan?

Just wasn't sure how to approach.

We initially approached the sellers with carrying the note, but absolutely no interest there.