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Many people have no idea how to buy out a mortgage on a preforeclosure home. Some people are intimidated by the prospect, but others know exactly what needs to be done. Preforeclosures are sold by the mortgage lenders themselves because they are unable to get their borrowers to settle their existing loans. If you find yourself in this situation and need to know what steps to take, you should know that there is no “quick fix” to save your home from foreclosure. …


I have only had the benefit of knowing how to buy out a mortgage on a preforeclosure through my work with a real estate attorney who specializes in these types of transactions. This article is my opinion and not legal advice. I am a real estate investor who has knowledge of how to buy out a mortgage on a pre-foreclosure; however, I am not a lawyer. If you ever need any legal advice or a strategy to use, please contact www.merrickgarlandproject.com for legal assistance.

How Long Does a House Stay in Preforeclosure?

The answer is that it depends on several factors including how long the homeowner has owned…

Vanessa Snow

Proud homeowner

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