help with foreclosure
How do I buy a small piece of a property that is in foreclosure?
My next door neighbor just moved amid a foreclosure. The property line sits close enough that I only have enough room for a one-car driveway. To expand it enough to fit two, I’d need a couple feet from his property. How could I go about purchasing that land? Are banks willing to sell off such small amounts of land (two feet by 150 feet) and does it require city approval? Or, should I wait to deal with the new owner? It seems silly, but that small amount would really help.
I would chalk this up as “Probably not”. To get that couple of feet, it will cost a few grand to have the property surveyed, recorded and deeded, and that’s not including the cost to pay the bank for the land.
The reason the bank will say no is simple: Until the recordation is complete, they’re stuck with the house they’re trying to sell, because they need the clear deed from the courthouse, and it takes time for things to get recorded fully. Wait for the new owner, and go from there
Foreclosure Help through Short Sale
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