I haven't done any pre-foreclosure deals before, and just landed a lead from a friend of mine.

One city has lead the nation in foreclosures during what most people called the US housing bubble years.

The servicer is generally granted authority to adminster the loan, make demands, etc.

The point the authors make is that while many people are leaving the marketplace due to the media's drumbeat of "crashing RE markets" and the increase in market supply, savvy investors should be buying as many good deals as they can instead of sitting on the sidelines waiting for the market to finish its correction.

You don't want someone else (relative or friend) to enter without proper authority.

I'd appreciate your opinion on this...Here's "The Law" on bandit signs in Colorado Springs, from our Code Enforcement website:"Garage sale signs lead into part of the litter code, signs on public property or right of ways, obstruction of public ways and maintenance of adjacent right of ways.

Just understand that a borrower behind does not automatically translate into a smooth short sale process leading to a bargain.John CoreyOriginally posted by "sachin_emma":Hi this is the first time i am buying a house i like the house and before i could place a offer on house, i found out house is going through preforeclosure.House was listed at $159500.

If you do not get specific leads from anyone consider asking around at the local REIA meetings.

I've ran into many that are broken, corroded to the point of needing to be replaced, but I'd say more often than not they are in useable shape.If they do need to be replaced you can break them off the main hub with a hammer, this will break the lead seal loose, removing just the flange collar leaving the 4" hub.

I have seen my website traffic increase, but it is still only a couple dozen "unique" visitors per day with 0 usable leads.