skip to main content

Buying and Selling Homes

Experience with pre-foreclosure buying?

18 years ago

Does anyone have any experience buying a pre-foreclosure home? The house we are considering has been for sale @ $345,000 since this summer. Just wondering what we could actually get it down to. The house is aprox. 2 years old. It's in great shape and they are selling due to their divorce. What would motivate them to sell low to us rather than go through with foreclosure?

Sort by:Oldest

Comment (1)

mariend
18 years ago
Make sure there are no liens. When you are dealing with a divorce, it is probably one or the other trying to get as much or as little to make each other mad. Also their lawyers might block the sale for whatever reason. Be sure and set time limits and make sure your agent, with a lawyer reading the contract, write is so you will get your money back. Inspection? Yes, take pictures so one or the other will not come in and take everything, or destroy property.
Related Professionals
Effingham General Contractors · Concord General Contractors · Charleston General Contractors · Peoria General Contractors · Wheeling General Contractors · Santa Maria General Contractors · Victoria Architects & Building Designers · Bakersfield Architects & Building Designers · Twin Falls Architects & Building Designers · Salem Architects & Building Designers · Fairbanks Architects & Building Designers · Fayetteville Kitchen Remodelers · Natchitoches Kitchen Remodelers · Mankato Kitchen Remodelers · Boise Kitchen Remodelers

Related Stories

BEFORE AND AFTERS Houzz Tour: A Georgia Foreclosure Gets a Major Overhaul

Gutting and redesigning turn a mishmash 1925 home into a unified haven with better flow

MOVING 5 Risks in Buying a Short-Sale Home — and How to Handle Them

By Christine Tusher

Don’t let the lure of a great deal blind you to the hidden costs and issues in snagging a short-sale property

ORGANIZING Pre-Storage Checklist: 10 Questions to Ask Yourself Before You Store

By Laura Gaskill

Wait, stop. Do you really need to keep that item you’re about to put into storage?

ECLECTIC HOMES My Houzz: A Pre-Revolutionary Home for a Modern Family

By Corynne Pless

A dedicated DIYer mixes colonial style with today's comforts to create a meaningful home for 5

FEEL-GOOD HOME Simple Pleasures: 10 Ideas for a Buy-Less Month

By Laura Gaskill

Save money without feeling pinched by taking advantage of free resources and your own ingenuity

MOVING Home-Buying Checklist: 20 Things to Consider Beyond the Inspection

By Laura Gaskill

Quality of life is just as important as construction quality. Learn what to look for at open houses to ensure comfort in your new home

GARDENING GUIDES Make Sure You Read This Before Buying New Plants

By Noelle Johnson Landscape Consulting

Follow these 10 plant-selection tips to avoid buyer’s remorse

REMODELING GUIDES 5 Ways to Protect Yourself When Buying a Fixer-Upper

By Christine Tusher

Hidden hazards can derail your dream of scoring a great deal. Before you plunk down any cash, sit down with this

TRADITIONAL HOMES Houzz Tour: Reviving a Half-Finished Farmhouse in New England

By Mitchell Parker

This 1790s foreclosure home was flooded and caved in, but the new homeowners stepped right up to the renovation

EVENTS Happy Birthday, Rembrandt: Peek Inside the Dutch Painter’s Former House

By Mitchell Parker

The famous Dutch painter surrounded himself with expensive artwork and rare antiquities, which led to a foreclosure on his house

Sponsored

More Discussions

The deck on my house has some rotten wood and balustrades are falling

10

Real Estate Negotiation or "Highest & Best" Blind Auction

13

What renovations would make this house ideal for us to live in?

12

How Do You Price a Waterfront Property When There Really Aren't Compar

9

How do I get a broker?

3