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Re: Offer on a PreForeclosure

Posted by Bill H on April 27, 2009 at 3:23 PM

In Reply to: Re: Offer on a PreForeclosure posted by JAck on April 27, 2009 at 4:59 AM

: : : Thank you for the feedback. Do you think we should alert the bank as we have their info that we've made an offer?

: : : The auction date has been set so they are in foreclosure and the clock is ticking at this point because they are only a couple of weeks away from the auction date.....

: : Holly:
: : As Rick is telling you. "Do not hide your head in the sand" and hope all goes well. It is incumbent upon you, the agent and the homewoner to do all you can to STOP the foreclosure if you truly want the house. Failure to do so will mean that everybody loses.

: : Good Luck,
: : Bill H

: What do you mean everybody loses, even the Bank?

Yes, the bank may well get less at the sale than she is willing to pay now.



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