How to Buy a Pre-Foreclosure Home: Investor Guide

two real estate investors inspecting a pre-foreclosure home before making an offer. The sellers (husband and wife) are watching nervously as the investors decide what to do.

Buying a pre-foreclosure home is different from buying a normal listed property and different from buying at foreclosure auction. In a pre-foreclosure transaction, the homeowner still owns the property, but the mortgage is in default or foreclosure proceedings have started. The investor is trying to purchase the property before it reaches the foreclosure sale. This…

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