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Posted By

EDWARD THOMPSON (Taylorsville, UT)

Category

General Contractor

Posted Date

2/15/2018 12:00:00 AM

Forum Title

Pre-foreclosure

I'm looking at a property that is not bank owned, yet. It has all the signs of going into foreclosure and I was wondering if anyone has had luck buying properties like this. Is it better to wait until it is bank owned or try to contact the owners and work out a short sale? I did some snooping and talked to the neighbors, it's a messy divorce and the house has been vacant almost two years. The tax records show it is still in both their names. Sounds like the laundry room flooded, the heat pump is shot, a couple of windows are busted, the carpet is shot and I'm sure the UGS are toast. I'm picturing an explosion of golden oak, 2 1/4 colonial trim, 4x4 beige countertops with mauve accents and a nice 12x12 ¸ber neutral tile floor.
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