Met a young man who is going thru a divorce, and he tells me he is loosing his house to forclosure. Don’t know all the details, but if there is equity in the house, could I purchase it before it sells at a Sheriffs auction? Or do I try to do a short sale with the bank. I hope to talk to this person and get more details. The reason I’m interested is the house is 5 years old and sits on 5 acres with a pond and a large shop. It would be a great area to live.
If you like the place Buy it weather it has equity or not.
If you need more on how to structure the deal, Email me.