Buying From A Substitute Trustee
Can someone out there please explain the role of "substitute trustees" in a judicial state? Do they take possession of the title prior to the foreclosure hearing or just clouding the titile? How can you tell?
Is it possible to pay off the arrears to the bank (or trustee), and then buy the property from the mortgagor? Actually, I'd like to catch the mortgages up and buy them sub2. Has anyone out there ever tried this?
I'm anxious to get out there and do some negotiating, but I can't seem to find an answer to this question. It'd be a shame for me to go out and paying off arrears for a property I can't even buy!!
Thanks!
Comments(0)