When I first got into real estate, I started with foreclosures. I would contact the owners to see if they wanted to sell. If they did, I would ask them how much they owed and they would usually show me the latest letter from the bank showing the balance and arrears. Then I would ask them if they had any other liens on the property. They would usually say, not that I know of. Next, I would make an offer and set a closing date with an attorney or title company. Continue reading HERE...
Metro East REIA
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