hey guys…little help?
found a pre-foreclosure that has been vacant for a few months. owner left state, tracked him down and he is willing to let me have the house - wants nothing. Foreclosure atty tells me to talk to mortgage company, suit filed by homeowners assn., but taxing authorities have not taken litigation course. owner willing to give me a letter to negotiate with mortgage company. i was thinking that if i got the house deeded over to me, this would interrupt the foreclosure proceeding and give me a chance to negotiate the sale.
house has been vandalized now and needs 20K in repairs. but still a possible gem.
is this the Deed of Trust a correct course? suggestions please.