Just ordered the books. I am researching this site like mad. We found a home last month abandoned. We are NOT after a million dollars, we just want this home for OUR use. After checking into the home, it was a pre-forclosure. We contacted the lender and they would NOT do any offer until after the auction THIS THURSDAY. The homeowner filed bankruptcy. The home had a first & second mortgage plus secured a car. These loans should wipe out after the auction. We know the balance on the first is mortgage 66K. We will attend the auction on Thursday but, not bid on loan payoff. WHEN DO WE MAKE OFFER? Next day, next week, or wait until they get the realator?
FYI: We are in a small rural community, low income, inexpensive homes compared to most of the US. This home has some cosmetic, drainage, and mold but, all fixable at nominal cost to us. We want to offer 30K CASH.
Please help. We are desperate for any comments and suggestions...............I want this home so bad. I am still waiting for my book and it can't get here soon enough !!!!!
~~~~~~ Praying for our dream house ~~~~~~