How to approach homeowners going through preforeclosure

An option a person has when they want to buy a home is something called a pre-foreclosure.  When a home owner misses even one payment it is possible for them to be considered delinquent.  At this point, the mortgage company can place the house on a foreclosures list and do a short sale, and someone can buy cheap homes for a lot less than what the home is valued at on the open real estate market.

But owners going through preforeclosure can be skittish, and it’s important to approach them tactfully and carefully – it can make all the difference.

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