Buying Pre-Foreclosure

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: I am in touch with a homowner who is in Pre-Foreclosure. She owes 185K to her bank as first mortgage and no other lien on the property, as she said, but I am going to get a title report once I am ready to buy. : She just wants to sell for 185k and move on with her life. Property is worth about 225k. : If she signed title to me for $3000 and I go to the courthouse and record it under my name, What is the next step I should take to keep this propert? : 1-- Should I pay her back payments and let the lender find out about the transfer of the title and risk triggering the due on sale clause. : 2-- Or Don't pay any back payments at all and let the forclosing process continue and in the mean time refinance the property. : Is it possible to refinance such property for me, giving excellent credit and job history? If it is, then How I go about it? Does someone knows the process? : Propert is in my name but not the loan. Once I go for refinancing, do I have to pay any down payment? : Your feed back is appreciated, as always. : Thanks : Sam Watson

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