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.

Easy To Work with the Homeowners

Unlike foreclosures NYC homes, homeowners may be more willing to work with you. This stage is before an actual foreclosure or short sales NYC process. So, much of the months’ worth of bank paperwork you would go through is eliminated. The homeowners are motivated and want to avoid foreclosures NYC. Your real estate agent or foreclosure specialist can do all the research necessary as well as speak with the homeowners about selling their property.

Easy Inspection Process

Going through a pre-foreclosure process also makes a home inspection easy. Since it’s still occupied, the homeowners will have their utilities on. There is no auction process, so you and the inspector can go through the home without rushing.