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Old 01-01-2015, 03:41 PM
 
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There will be a house in foreclosure that my mom is interested in. She could not buy it because it was on short sale and because the owner was in debt. What can she do about it?
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Old 01-02-2015, 06:27 AM
 
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Your mother has to wait until the lender puts the house on the market. Because a home goes into foreclosure does not mean that a lender will market it. It could stay in the lender's inventory for years.

When the lender is ready to market the home it will be listed with a real estate agent.

Also, is the home now listed for sale as a potential short sale ? If it is, she could make an offer on it.
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Old 01-02-2015, 11:13 AM
 
Location: Martinsville, NJ
6,175 posts, read 12,937,961 times
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Quote:
Originally Posted by homenj View Post
There will be a house in foreclosure that my mom is interested in. She could not buy it because it was on short sale and because the owner was in debt. What can she do about it?
You really haven't provided any info on which people can base an answer of any significance. Provide some facts and the nature of the "problem" your mom is having.
What prevented her from buying it when it was a short sale? Is there any reason to think she will be able to buy it at foreclosure instead?
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