Do we buy pre-foreclosure properties?
The answer is yes!
A pre-foreclosure property is when a seller stops paying their mortgage, the bank would sell the property on an auction if this is not fixed by the seller within a designated time frame.
This is very stressful because there is a time component as a part of the situation.
To find out more about this, you can visit our website at: https://www.effortlesshomebuyers.com/
Fernando O. Angelucci is Founder and President of Titan Wealth Group. He also leads the firm’s finance and acquisitions departments. Fernando Angelucci and Steven Wear founded Titan Wealth Group in 2015, and under his leadership, the firm’s revenue has grown over 100% year over year. Today,
Find out more at
https://www.TheStorageStud.com
https://titanwealthgroup.com/
Listen to our Podcast:
https://thestoragestud.podbean.com/e/effortless-home-buyers-do-you-buy-pre-foreclosure-properties/
----------------------------------------
Do we buy Pre-Foreclosure Properties? And the answer is yes. What is a Pre-Foreclosure Properties? Well, when a seller stops making their mortgage payments for whatever reason usually after a few months, the bank will say, Hey, you have until this date to either catch up on all your payments and pay us all your late fees, or we're gonna sell the property at auction to the highest bidder to recoup the amount of money that we lent you. This is very stressful time. Just because it has a kind of a time component as a part of the process, we do buy these properties. The biggest thing about Pre-Foreclosures is to come and get our help as soon as possible. If you call our organization and you say, Hey, my property's gonna be auctioned tomorrow can you buy it? We most likely will not be able to buy it in time because there's a lot of things that we have to do.
We have to look at the condition. We have to do a repair process, and then we have to get contractors to give us a bid. We'll have to pull title, pulling title loan can take up to three days, where we start to be able to have a chance of closing on that property is if you come to us with at least two weeks before the pre-foreclosure ideally 30 days or more is going to be the best, cause then we can give you the best price. We can really do in-depth analysis on what the property is worth. And then we can go through the entire closing process without stressing the bank, stressing the attorneys, stressing the owner, stressing the title company. So yes, we do buy Pre-Foreclosure Properties, but this is one of those things where it is not good to just bury your head in the sand. You need to get in front of it and you need to act as soon as you realize you're not going to be able to pay your mortgage. You need to give us a call.
No comments:
Post a Comment