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If you choose to skip pre-foreclosure and actually buy foreclosures at
courthouse steps-then you're dealing with
foreclosing attorney and
lender, not
homeowner. The biggest things to keep in mind is you're expected to pay all cash by
END of
auction day; you'll have to run your own title exam in advance; and you'll probably have to guess what condition of home interior is since homeowner may not have let you inside. Another option is to buy
note/mortgage for cash at a deep discount, direct from
lender, prior to
courthouse auction. You don't have to deal with
homeowner that way, but you do have to have access to funds, and you will still have to do your own foreclosure after you buy
mortgage.
Best of success & abundance,
Lou Castillo

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