I am looking to buy a pre foreclosure but i want to do it respectful way and how can I start the process?

Krystal
Home Buyer
Orange County, NY

Answers (6)
Allan Erps,ABR
Agent
Nanuet, NY

Hello Krysal, What a nice sentiment you have expressed. In fact as an Agent who has a short sale listing in New Windsor at the present time it is much appreciated. Fortunately I do believe we have a very nice offer by
the Buyers and it should go into Contract this week. It just so happens that the Sellers are related to me and I certainly understand the hardships involved. For you to be so considerate is a wonderful trait! Good luck in your pursuit of a home.

Allan Erps, ABR
Accredited Buyer Representative
Better Homes & Gardens/Rand Realty
95 South Middletown Rd.
Nanuet, NY 10954
VM(24 Hours) 845-770-2141
Cell Phone/Text 845-304-3040
Fax# 845-624-7137
Email: allan.erps@randrealty.com
Website: allan.erps.randrealty.com

Sun Apr 26 2009, 03:35
wsmith1213
Agent
10950

Hi Krystal,
I'm not just a realtor, I'm also a real estate investor . Ar you looking for a bargain that you can flip? Are you looking for something nice that you can move into? I use alot of the "We Buy Houses" signss, letters, and postcards. If you'd like to contact me I can give you a sample letter if your looking for a specific home thats not listed. If it's listed, I can get you in to see it without any problems. Do you have financing set up already? Alot of the home that investors buy require cash, which means you'll have to borrow hard money or go to a private lender. Anyway, If you'll sit down with me sometime I'll give you one of the best books a real esatte investor can own and answer your questions for you.
Thank you,
Bill Smith
Keller Williams Realty
Fair Deal Home Buyer, LLC
SellHouseNY.com
914-420-1974

Tue Mar 24 2009, 08:40
Stoplooknlis...
Both Buyer and Seller
Orange County, NY

So many nice homes for a great price on the market now, I'm just wondering why not look at what's for sale and not pre forclosure hassle.... Best of luck to you.

Sun Mar 22 2009, 10:14
Bill Eckler-Flo...
Agent
Venice, FL

Krystal,

We suggest you begin by identifying a good real estate professional to work with you. One that is willing to work within your perameters and meet your expectations. Having a clear understanding of your established criteria to pass along to the agent will help your cause.

Your heart is in the right place.

Good luck

Thu Mar 19 2009, 20:11
Carlo Rogoff
Agent
10917

Hi Krystal,

Keith is correct, you need to understand the foreclosue and pre-foreclosure process. It is a delicate process in which a Realtor is confronting someone facing a foreclosure. These are a few steps involved:

1) Find the home you are interested in.
2) Get a Realtor to make first contact, usually mail or phone.
3) Have your Realtor go to the door and meet face to face, helping the home owner understand their situation and options. Where it goes from there depends on the result of the conversation.

I have over simplified this process in the attempt to help you understand how potentially complex this can be. Pre-foreclosures can potentially be very rewarding by the buyer obtaining a home below market value and a home owner in distress selling their home before foreclosure.

Thu Mar 19 2009, 18:37
Keith Manson
Agent
Milwaukee, WI
FIRST ANSWER

You need to find a buyers agent to assist you. Try to educate yourself about the foreclosure process either through various web sites or through realty trac or foreclosure.com. It is very important to understand what you are doing. In addition you need to make sure you have a person that can inspect the property to make sure you feel good about the coniditon of the property because a lot of foreclosures are sold as is and or the owners do not have funds to repair. Lastly make sure you have a lender that has preapproved you for financing.

Thu Mar 19 2009, 18:16

Didn’t find what you were looking for? Ask a question!

Search Advice
Foreclosure Center
Find the latest articles and answers on foreclosure properties! More »

Ask a question

Got a real estate question? Get answers from locals, experts and real estate pros.
Ask
Email me when…

Learn more

View all » 1 - 3 of 35
Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback