Foreclosure Sale - Posted by Charles
Posted by Charles on December 31, 1998 at 11:17:28:
First to JP thanks again for this wonderful site, and Happt New Year to all.
As a newbie to REI I have been looking at FSBO’s and pre-forclosures to get my feet wet. Today I found a property that is going to be auctioned off on 1-6-99, 4br, 2.5ba according to the tax records the property value is more than $175,000.
There is a principal bal of $53k, and through research I found that there are judgements for taxes totaling $34k. that brings the total to $87,000.
As soon as I got back I tried to call the homeowner, howver he was not in.
My questions are who shuold I talk to now?
Can I work a deal before the sale, or is it to late for this one?
What would be the best way to close this deal and pull out cash?