This is the most delicate stage. You are contacting someone in a high-stress situation.
The goal is to finalize the sale before the bank’s scheduled auction. Once the auction happens, the pre-foreclosure window closes, and the property becomes a bank-owned (REO) asset or is sold to a high bidder at the courthouse steps. Search county records for Notices of Default . Secure a pre-approval letter or cash proof of funds. Conduct a title search for hidden liens. how to buy a pre foreclosure house
Be wary of "pre-foreclosure" labels on sites like Zillow ; they often scrape public data for homes that aren't actually for sale yet. 2. Get Your Financing in Order This is the most delicate stage