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Bank Foreclosures
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Ameriquest Foreclosure Mortgage Foreclosure Property
EvgenZhu
- May 17, 2008 12:54 PM (GMT)
Most purchasers of foreclosures prefer to acquire their properties at the trustee's sale. At this time, it is possible to make property purchases without being in contact with the defaulted owner or foreclosing lender. Money talks. Anyone with money may make a purchase regardless of credit, race, religion, etc. The verbal auction permits the highest bidder to acquire a property by paying off only the remaining balance on the foreclosing loan regardless of the fair market value of the property. Debt recorded after the date of recording of the foreclosing loan is eliminated. Problems of unanticipated repair, eviction, payoff of superior loan(s), possible IRS redemption and inadequate research can present formidable obstacles to the inexperienced buyer.
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GuThiX
- May 17, 2008 09:38 PM (GMT)
... this needs to be gotten rid of
Grim ReaperXIII
- May 28, 2008 09:07 PM (GMT)
QUOTE
(GuThiX @ May 17 2008, 09:38 PM)
... this needs to be gotten rid of
Not yet, I'm still learning about bank foreclosures.
kiz-the-psychotic
- May 29, 2008 12:18 AM (GMT)
Grim loves his bank foreclosures.
Forskin lover -.-
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