Getting a Great Deal with Pre-Foreclosure Homes

If you are looking for an outstanding deal on a home, but leery of trying to get foreclosures NYC or a short sale NYC home, there is another option which is less stressful. Your realtor or foreclosure specialist may be able to help you find a pre-foreclosure home perfect for your family.

Finding a Pre-Foreclosure Home

There are two easy ways to come upon a pre-foreclosure home. One way is by viewing your local newspaper. A mortgage lender may send a homeowner a Notice of Default or Notice of Sale, once they have gotten behind on their payments. These must be filed with the courthouse, so it will be a notice in your local paper. Now you can try to contact these homeowners on your own or work with your foreclosure or real estate specialist. [Read more...]