Not exact matches
• Managed OREO Department ensuring proper booking after
foreclosure, updated values upon receipt of new appraisals, inspections, property maintenance and aggressive marketing that ensured best price through
bidding at time of
sale.
If obtained
at foreclosure sale, usually that indicates there either weren't any bidders or there wasn't a sufficient
bid made that satisfied the bank or lien holder.
Mautner - Glick Corp. v. Dime Savings Bank (232 A.D. 2d 235)- broker not entitled to commission where buyers introduced by broker elected not to sign
sales contract and therefore were not ready, willing and able buyers; broker not entitled to commission where same buyers successfully
bid for same property
at a
foreclosure sale the next day; broker bound by brokerage agreement signed by its agent; broker not entitled to commission where brokerage agreement conditioned entitlement to a commission upon the buyers» execution of an assignment agreement and the assignment actually being made where neither condition is fulfilled.
A Title Search can be the most important preparation you make when deciding which property to purchase
at a county
foreclosure auction, tax deed
sale, even private auctions from HubZu.com and Auction.com require an independent lien search before placing your
bid.
If the lender itself is the high bidder
at the
foreclosure sale and has a winning
bid that's below the «true value» of the property, the lender can't pursue the full amount.
Bidding on a property
at a
foreclosure sale usually requires an all cash
bid, by cashiers check which must be paid in full
at the end of the auction.
There is no list that shows the outstanding loan balance, either,
at least until the bank makes their starting
bids for the
foreclosure sale.