Interested in buying a property that is being or has been foreclosed?
First, we need to identify if the property is listed for sale. When banks foreclose on property, they always engage realtors to list the property for sale, and to upload that information on the MLS (Multiple listing service) to enable all realtors and their clients to get access to the property.
Sometimes, you may find that a property is actually in pre-foreclosure which may mean that the owners are delinquent or in default --- but that doesn't mean the property is being foreclosed, yet.
Your best bet is to engage a realtor to help you find properties that are available for sale and within your budget range. May I help you?