Man, thats awesome, I would love to start buying at PreForeclosures, how did you find the lender?

The credit committee is usually made up of local people who are familiar with the market they are in.

Consider commercial or portfolio financing from one of the following lenders:Portfolio lendersRegional banksCommunity banksCredit unionsNon-bank lendersCommercial lendersPrivate or hard money lenders

The man selling said he knows he will lose money on the deal as the property already appraised for $560,000 but would love to get a young investor like myself into the game since his son did not end up sticking with it.

Then be prepared to follow thru and fight him in court.

I'm curious how many hosts update their listings depending on the season.

I have to scroll down to find the original post, so I’m reading the responses before the actual post.  

Not without the bank signing off on it.

We owe around $75k on the loan, but the value is near $250k. 

The property is a 6bed 2 bath duplex.