Condo In Foreclosure
Anyone have any experience picking up condo's in foreclosure? I have found one that the condo association is foreclosing on and another the bank is foreclosing on.
If the 2nd forecloses, are they responsible for paying the 1st? How does it work when a 2nd forecloses?
What happens to the 1st?
I figure a short sale wouldn't work well when a 2nd is foreclosing, but possibly a subject-to... and I think definately a lease-option would apply.
comments......
Any investors out there interested in some condo's in pre-foreclosure, contact me. I know of a couple.
Tim
Tim,
I am interested in the foreclosures. send me an email.
Thanks
Bob
[ Edited by JoeRE on Date 07/10/2003 ]