Foreclosure in 06050>Question Details

Pathe Loland, Home Buyer in 06050

Is it "ok" to contact the previous owner on a foreclosed property?

Asked by Pathe Loland, 06050 Thu Jan 22, 2009

I want to find out if they have any more information on the home. It's winterized and has no power. Bank is selling it as-is. It is priced to move (seriously). I found the previous owners name in the town docs...

So what do you think? They left it in good cosmetic condition...is it ok to see if they know anything else?

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4
I wouldn't. Nor would I trust their answers. Have an inspection, and assume the worst for any unknowns. IF the price is as low as you say it is, it probably has already sold, and the cost of any 'questionable items' was built into the price.
0 votes Thank Flag Link Sun Feb 22, 2009
Lathe,

My suggestion would be to write an offer contingent on inspection, that way you will have a chance to do inspection through professional inspection guy and if you are satisfy with that result then go forward else back out from the deal. If you are trying to get an answer from the previous homeowner, you may not get all the answers because sometime even they dont know what all problems in that house and not only that you will waist your time by looking for all the details and someone else will write good offer and its gone....

Good luck and work with a good agent representing on your side.
0 votes Thank Flag Link Thu Jan 22, 2009
Keep in mind home was foreclosed on previous owner may have negative feelings eviction process commetns may not be truthful. You can take all for what is worth, keep in mind you will have an inspection during option period will disclose any issues document will have approx. 35 or more pages.

All bank foreclosures are sold as is and winterized standard practice across the country.
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Thu Jan 22, 2009
You are asking us to predict human behavior after an experience that was most likely traumatic for a person. Someone who has lost their home in a foreclosure action may be feeling a great sense of emotional loss as a result. There is no way to know if the party who once owned the home in question would warmly receive your call and want to help, or if your call would be salt in a wound that was barely starting to heal.
0 votes Thank Flag Link Thu Jan 22, 2009
Deborah Madey, Real Estate Pro in Red Bank, NJ
MVP'08
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