Upcoming Foreclosures

Is a short sale legit for a third party going to the bank with a house that is going into foreclosure?

I was wondering if a 3rd party can really go to the bank with no credit check etc. and pay a low amount for cash on a property that is in or going into foreclosure. My landlord is letting the house go that route, and I wanted to know is it legal for a middle person to negotiate to get the house in a short sale and then sell it to me?

Public Comments

1. no, only the bank can do a short sale and no brokers are allowed to make any offers until the foreclosure is actually done.
2. see if you can assume the loan pay all moneys behind and get a quit claim deed from your landlord
3. yes you can you do not have to have any type licensing for this I am doing one right now if you call me or email me I can walk you through it a short sale is a nice way to get a property at a discount phillywholesaler@gmail com or 215 747 3000 ask for mike.good luck anyway
4. No. I would imagine if this is done, when the bank finds out, they can call the loan due. Meaning, the FULL amount needs to be paid! This all sounds fishy to me and underhanded.