Hi- Ask the sellers. They have been receiving notices all along. Ask them for paperwork. Call the attorney listed for the lender, (ask the secretary or paralegal) or check the county sheriffs list to see if its listed for sale. Its a lot easier to do a purchase from them using the short sale process than it is to wait until after a foreclosure sale. You need to read some books n this too .
Yes you can! The lender at times will prefer this option over the fact of letting it go into auction due to the fact that more money can be received during the sale. Depending on the state the owner in foreclosure can be sued and obligated to pay the remaining balance if the home doesn't sell for the amount still owed.... more