BEST ANSWER
a preforeclosure is a little tougher to purchase than an already bank owned property, the seller will usually owe more than the house is worth,l and time is not on your side. your best bet is to have a realtor working for you is well experienced in short sales who can negotiate with the seller to do a short sale. without the sellers particapation, it will not happen, dont waste ytour time. if teh seller agrees the broker will then negotiate with the bank to complete the short sale. it could take 3 months for the process os you need to have time, patience and an experienced broker looking out for you. good luck
Sun Sep 21 2008, 15:28