Are all homes in foreclosure sold at actions?
78731
Homeowners have extended periods of time (accoriding to state and local regulations) of buying themselves out of foreclosure. Legal fees, late fees and other delinquent payments make this difficult because if you have hit foreclosure, then you're probably having a hard time with bills. You can also buy your own house at the auction if you should win powerball that day.
411328
Do you mean forclosure?\n\nTry the HUD website, or do a search on forclosures.  Banks also have lists on their forclosed homes but they aren't always on a handy list.
497538
Hi tater_bug0629,\n\nMy advice without the hype of foreclosure websites, check out your local sundays paper and find real estate companies advertising "bank owned" properties. Usually these are the guys who have access to the bank owned properties in your area and are eager to email their listings to you free of charge.\n\nCheck out my site: www.CurbSideInfo.com\nUnder Michigan Foreclosure.\n\n\nGood luck to your future endeavors!\n\n\nSuccess To All,\n\nJohn Lopez\nrealestatemichigan@yahoo.com\n313-258-1001\nwww.MichiganInvestorNetwork.com\n\n\n.
255677
Probably the condition of the homes. We looked at many foreclosed, or pre-foreclosure homes when we were buying. The foreclosure process takes so long generally that the houses have been vacant for a long time and many that we saw were trashed on the inside too. Also, sometimes you will have more difficulty finding a mortgage to purchase one of these homes as they are generally sold "as is".
993703
contact the Department of Real Estate (www.dre.gov) and ask them or any one of lyour local banks (ask about forclosures/fixer-uppers), or your local H.U.D offices. You can also contact any one of your local realtors for a list!\nGood luck!\n\nCowboysminxxx
821283
Call your bank now and see what your options with them are. A short sale on your credit report is not 1/2 as bad as a foreclosure.\n\nA neighbor of mine was going into foreclosure. They got the bank to accept a short sale instead. The agent listed the property well below market and ended up having a bidding war with 4 different buyers. They ended up $40,000 short of the fair market value but it actually paid off the note in full (no short sale), got them out without a foreclosure on the credit report and sold the property in 5 days versus 30-60 for a traditional sale.\n\nAs for the value falling... Do you owe more than the property is worth now? If not, there should be options for you.\n\nBest of luck!\n\nKevin 866-562-6838 x 106\nkruorock@firstratelending.com
669929
Are you looking to buy or are you the owner of the foreclosed property? If you are the owner, it may be too late since the sale has been scheduled unless youi can get your bank to cancel the sale by coming to some financial arrangement with them. The alternative maybe you try and get a family member/friend to buy the property at the Sherrif sale and allow you to rent it back from them.
923329
I didn't think the owner could redeem a property once it was purchased at an auction.  \n\nIf however they can repurchase it... they will have to pay the amount defaulted plus any fees accrued during the process.  \n\nThat's odd that the bank would have allowed a home to be sold for less than the amount owed.\n\nYou've got a tricky one.  I'd look up NC foreclosure laws.
414901
First what do you mean by foreclosure home. \n\n1. If the house is currently in foreclosure and has not been sold by the sheriff or trustee. Then you will need to buy the home directly from the debtor. They own the property till the sale date and/or redemption period. If debtor is not willing to sell their home you will need to bid on the house at the foreclosure sale. You will need to contact the law office that is handling the foreclosure for their sale terms and if money is due by the end of the day. Please understand the foreclosing law firm can only give out very limited info due to the fair debt act\n\n2. The foreclosure sale was completed and reverted back to the bank and the redemption perior expired (if there was one) The bank owns the property at this point. You will either need to contact their REO(Real Estate Owned) department and tell them you are interested in purchasing the home. Or wait till the bank has listed the property with a local realtor. \n\nMost of the homes sold by the bank are sold as is and it is wise to have the property inspected by a professional. \nIf you are financing the home some lenders may want to see the inspection report or have other requirements since it is a foreclosure home before they do the final approval. \n\nIf you are purchasing the home from the debtor prior to the sale, Time can be of the essence and the closing will need to be completed prior to the sale unless other agreements have been made by the Mortgage company foreclosuing on the home.\n\nthis is the basics however I'm sure there are some who have tricks on dealing with the banks.
1109824
Foreclosure is dependent on the contract.\nSome contracts imply that if you're one minute late, the house belongs to the bank. Don't let it happen!
896227
Yes they can. If the property is in foreclosure then the loss of value is to the lien holder, not your mother, who will obviously be abandoning the property.
1127910
Depends...state specific question. Contact your local Association of Realtors.
459513
start by going to www.hud.gov.  This is a government website primarily for fha and va foreclosures, however they have a variety of links for other foreclosures in your area.  Stay away from "paid" foreclosure listings, typically many listings they have in these magazines and websites are already purchased by the time they go to print.  You can also read the legal section of your local newspaper which will list all upcoming foreclosure auctions
477715
If your second mortgage is in foreclosure then there would be a lis pendens filed against your property, which prohibits the sale until the mortgage is either brought current or the property is foreclosed upon. You will have to call the company that you have your second with to find out for sure.
497967
call the county courthouse in which the house is in and talk to civil department to see there is a foreclosure case... also it would be listed in the newspaper
1138362
The Federal government does not collect property tax. So, there are not property tax sales.\n\nYou can find income tax forfeiture sales online by accessing the IRS online at the link below. You can also find other Federal government auctions by following related links once you latch onto the IRS'.\n\nI don't believe the Town of Athol auctions properties through a lien foreclosure sale. The town may acquire a property through non-payment, ad later decide to sell the property through the Board of Selectmen or Town Meeting. You need to contact the Athol tax collector for the process.
867551
Foreclosure is the procedure for enforcing a lender rights once the obligation secured by a Deed of Trust is in Default.\nInitial Steps: Default Period.\n   1. The Note, Deed of Trust and information on the default are forwarded to County Records Research.\n   2. The notice of default and other necessary documents are prepared for your signature.\n   3. The notice of default is then recorded and the foreclosure time line begins.\n   4. A Trustee Sale Guarantee (TSG) is ordered from a title company.\n   5. The required 10 day and one month legal mailings are sent to the borrower and the junior lien holders.\n   6. If the loan has not been reinstated or paid off within the three-month default period, the lender then authorizes the next step in the foreclosure proceedings. \n\nPublication Period and Trustee's Sale.\n   1. County Records Research will prepare, record and arrange to post the Notice of Trustees Sale.\n   2. The Notice of Trustee's Sale must be published once a week for three consecutive weeks in a newspaper of general circulation near the property location.\n   3. The borrower or junior lienholder may reinstate the loan at any time up to five business days before the sale date.\n   4. If the loan has not been reinstated prior to five business days before the sale, the beneficiary may demand that the entire unpaid obligation be paid in full during that five-day period.\n   5. The trustees sale is conducted.\n   6. A Trustee's Deed is prepared for the lender or outside bidder, then recorded.