Real Estate of Greater Atlanta

Paul H asked:


Curious as to the difference between defaulting and foreclosure on a mortage? What are the different things that could happen if you keep one house and need to get rid of another wheather it be defautling or foreclosure? What are both possible outcomes?

ray_ray asked:


There is a home up for auction in three weeks. How do I go about asking the owners if they would like to sell it to me before it is auctioned off? They owe $97,000
I want to offer $110,000 it will pay off there mortage and put a little money in their pocket. If I were to buy it before foreclosure auction it would look alot better on their credit also. How do I ask these people it is such a sensitive subject, and they are probably going through a very hard time right now.