Hello. I am thinking about pursuing preforeclosures however, I am wondering how many preforeclosure properties actually have some equity left in their home? The reason I ask is that I would prefer not to do short-sales in order to make money on these properties. I would rather find a property with equity and either buy it outright or buy and wholesale it.
Please let me know if anyone knows if this strategy of mine could work or do I have to be in the mindset of ‘short sale’ in order to work the preforeclosure deal.
Thank you experts,
Sonriffic