Hi all! I’m new to all these foreclosure thing. I been reading forum about a week now. Here are some question i want a more clear answer.
Let’s said I got the foreclosure list from the county and here is one of the properity.
8543 Tolbut St. 56th Ward on SE side of Tolbut St. 354 ft. 8-5/8 in. NE of Evarts St. Frt: 28 ft. Depth: 120 ft. Improvements: Residential Property
MARC W. RIORDAN C.P. September Term, 2005 No. 1491 $94,073.70 Phelan Hallinan & Schmieg, L.L.P.
$94073.70 is how much the owner owe the bank?
How much do you offer to the owner to buy off the house from the owner? (the house market value is $160k?)
Is it illegal to offer the owner money?
Thanks in Advance