Has anyone bought a house in pre foreclosure for investments? How do you assume possession of their loan? Do you have to go to the bank and qualify for it or just sign? Also, is there a way to see how much in fees and backed mortgage they owe?

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We did last year. I think the bank with the lien had to approve the sale price. We had issues throughout the sale for various owner related reasons but their foreclosure attorney ended up telling our real estate attorney approx how much they owed. That was well into the purchase and sale though.

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I’m sure but I don’t think that would be released to the public by a private bank.

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CFid
Mrhhhvcxxz
Eeqaswddvire

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Yep. Came here to say exactly this

Property taxes are public info. You should be able to go to the local tax assessor site to see how much they owe. Thats how I found out my neighbor owes $50k in back taxes on their property which they left vacant for a number of years.

funny

Thanks

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