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More aggressive investors will often contact the owner of foreclosure properties to try to buy the property before the auction. This is sometimes very intrusive and many homeowners (already traumatized by the whole foreclosure experience) are very annoyed and angered by what they perceive as vulture-like tactics. But in fact, many homeowners are looking to [...]

Armed with the necessary cash or mortgage loan approval, you can then make an offer to the lender. If you know or get to know someone of position at the local bank, you may be able to approach that executive about available REO (Real Estate Owned) properties, the term most banks use for properties that [...]