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Real Estate advice needed

I saw a pre-foreclosed property listed on It's not in the MLS yet.

Is it OK to approach the owner before it's foreclosed on/listed for sale?

Can she sell it to me without getting permission from the lender?

by hot to trotreply 411/21/2012

No and no.

by hot to trotreply 111/21/2012

What does pre-foreclosed mean? If the property is in the process of foreclosure the lender will have to sign off on any deal. If the lender is threatening foreclosure reach out to homeowner tomorrow.

by hot to trotreply 211/21/2012

r2, A Notice of Default/Lis Pendens was given to the homeowner.

Is there still time to approach the homeowner directly?

by hot to trotreply 311/21/2012

OP, real property laws differ from state to state -- where is the property located?

by hot to trotreply 411/21/2012
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