Foreclosure University Forum

Buying foreclosure before sheriffs sale in NJ?

by Doug E, Thursday, June 24, 2010, 10:47 (3567 days ago)

I am aware of a house that the bank has taken legal (lis pendens /foreclosure)action on, but has not yet scheduled a sale date with the County Sheriff.

If I contact the bank prior to scheduling- would they be interested in selling the house before the auction>>--if I made an offer>

Would they benefit anything by doing this, or is it in their best interest to let it go to auction>>

I am thinking they may save on legal fees and other fees due for the Sheriff and want to sell sooner.

Any (factual) ideas>

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