Foreclosure University Forum


Buying foreclosure before sheriffs sale in NJ?

by foreclosureuniversity ⌂ @, Friday, June 25, 2010, 08:37 (3566 days ago) @ Doug E

Yes you are right in also thinking that the bank would rather approve a short sale than send it to foreclosure.

� Turns out this is a "short sale" -DUH ! :P
� � 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>

Good Luck

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