How does the foreclosure process work, from the
standpoint of a potential buyer? We went out to our county's website and saw a list of recently foreclosed homes. The foreclosure notice had a "Date of Sale" date which was around 30 to 60 days after the notice. From a potential buyers standpoint, how does it work if...........1) The house was already previouly listed for sale. Does the date of sale on the foreclosure notice mean anything, or from a sellers standpoint is it already in foreclosure and they would then be more open to more aggressive offers, or is it totally in the banks hands and they would then wait for the foreclosure notices'"date of sale"2) If the house was not previously on the market, is there a way to make and offer before the "Date of sale" on the forecolosure notice, or do we have to wait till the bank officially puts it out on the market and then just go through the regular process of going through the listing agent?
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