How Do Pre-Foreclosures Work?
Here’s what you should know about buying a pre-foreclosed home.
A pre-foreclosure is a home that has not yet been repossessed and is sold at auction. The owners are unfortunately behind on their mortgage payments and are usually living in the home at the time.
Pre-foreclosures are in the early stages of foreclosure and it could take three to eight months to even get to auction. They’re appealing to buyers looking for a great deal, and they present many great opportunities for you. Here are two of the most beneficial:
1. Creative negotiation tactics to win value for your dollar.
2. Our extensive off-market list of homes. They’re not likely to be bid up because there aren’t many buyers who know about them.
If you are truly interested in the auction process and properties, I’m happy to direct you. I hope this has cleared up some common confusion about pre-foreclosures.
If you have any questions about them or anything else related to real estate, don't hesitate to reach out via phone or email. I look forward to hearing from you soon.