I bought a preforeclosure here directly from the credit union. Check bank and credit unions web sites, some list their REO properties and their preforeclosures and they will let you go out and look at it. REO properties do not have any liens against them. We bought title insurance before closing on our preforeclosure, well worth the 200-300 dollars. A lien showed up 3 years later and since we had title insurance the title insurer took care of all expenses to remove it. We paid about 50,000 less than other homes in out village. It's more work and time, but money saved is well worth it. We paid cash.
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