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.
Good luck