Melon head

Posted by Dan on December 04, 2002 at 06:52:39:

As a rookie or 'melon head', please excuse me for this question.

I live in East Tennessee and have watched the local paper for a while and read this board and others regarding buying property that is going into foreclosure.

I know that folks here are proponents of the PACT trust but I wondered if it was 'absolutly' necessary to go that route.

There is a house that is in an area of lower costs homes....40-60k, and is listed for foreclosure. I am interested in buying it as a rental.

Do I approach the owners that are listed in the foreclosure notice in the paper? Do I wait until it is sold on the courthouse steps?

Follow Ups:

• Get Running B-4 It's too late... - Edward Nolan 02:30:26 12/05/02 (6)
  • Re: Get Running B-4 It's too late... - Dan 14:03:36 12/05/02 (5)
    • Re: Get Running B-4 It's too late... - Edward Nolan (Ohio) 01:08:40 12/06/02 (4)
      • Re: Get Running B-4 It's too late... - Dan 10:40:47 12/06/02 (3)
        • You're Welcome - Edward Nolan (Ohio) 01:12:16 12/07/02 (2)
          • Thanks again. Does your state have this (url) - Dan 13:12:15 12/07/02 (1)
            • I do national searches ... (url) - Edward Nolan (Ohio) 17:58:59 12/07/02 (0)

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Comments:
:  As a rookie or 'melon head', please excuse me for this question.

:  I live in East Tennessee and have watched the local paper for a while and read this board and others regarding buying property that is going into foreclosure.

:  I know that folks here are proponents of the PACT trust but I wondered if it was 'absolutly' necessary to go that route.

:  There is a house that is in an area of lower costs homes....40-60k, and is listed for foreclosure. I am interested in buying it as a rental.

:  Do I approach the owners that are listed in the foreclosure notice in the paper? Do I wait until it is sold on the courthouse steps?


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