Pre-foreclosure scenario

I have a client that is in a lease purchase agreement. The owner, which is out of state, hasn’t been paying the mortgage and now the property is in pre-foreclosure. How can I help her save the home?

Thanks in advance


Contact the owner and have them give you or the tenant “Authorization to Release Information” to give to their lender. Then negotiate with the lender directly to have the tenant either buy the property or assume the mortgage.

Good luck!