Questions regarding pre-foreclosures

[JLHorner]

I have been following the notice of trustee sales on our county website recently and have found two properties that just so happen to be owned by the same people.

Our county website allows searches to go back for years to do searches and I have found that, since 2001, both of these properties (remember, they are owned by the same people) have been in foreclosure numerous times. Three times each in fact. Somehow the owners manage to rescue themselves just before auction.

My question is this. Can this go on and on, so long as they keep managing to stop the auctions?

I was originally considering approaching the owners of the properties to see if they would be willing to talk to me about possibly purchasing one of the properties but then I found the numerous entries on the county website. Not sure that's such a good idea now.

Any suggestions?

[eldorado]

I belive it varies from state to state.
In Illinois, for example< you go into foreclosure and can redeem it the first time.
The second time, If that certified check isnt in the mortgage companies office by the due date-there's no turning back-You lost the property-even if you got all the back cash and then some.
I know!!
This is how I got the ex to divorce me on the spot-instead of dragging the litigation on forever.