A
"foreclosure auction" is when a property that the owner failed to pay for is being sold in order to cover the debt.
Full definition
However the company also reports that overall foreclosure activity increased last year in 10 states and scheduled
foreclosure auctions in judicial process states were the highest in three years.
As few as 75 days may pass from the time a property owner receives a notice of default until the property is sold at a public
foreclosure auction sale.
Once there, you'll see a list of upcoming events such as this month's rabies clinics, the county's
tax foreclosure auction or our pharmaceutical drop - off.
VERISTONE CAPITAL DEALSHEET LOAN AMOUNT: $ 57,000 FINAL SALES PRICE: $ 103,500 LOAN DATE: January 2013 to March 2013 LOCATION: Renton, King County Washington TYPE: Auction Loan, 12 month Term DETAILS: The subject property was sold at King County
foreclosure auction for $ 65,000 in January 2013.
LIBERTY CAPITAL DEALSHEET LOAN AMOUNT: $ 97,000 FINAL SALES PRICE: $ 189,950 LOAN DATE: Funded - October 2012, Paid Off - January 2013 LOCATION: Marysville, Snohomish County - Residential TYPE: Foreclosure Auction Loan - 9 month Term DETAILS: The borrower, who has extensive experience in building and remodeling residential houses, purchased the property at the Snohomish County
foreclosure auction using Liberty Capital Real Estate Services data and a Liberty Capital Network Realtor.
A moratorium on all foreclosures could cause home sales to plummet, as mortgage lenders can not sell foreclosed homes until they acquire the title through a sheriff's sale or
public foreclosure auction.
ATTOM Data Solutions, released its Q3 2017 U.S. Home Sales Report shows that distressed home sales — including bank - owned (REO) sales, third -
party foreclosure auction sales, and short sales which accounted... more
A dwindling shadow inventory and a drop in
new foreclosure auction notices is putting less pressure on nondistressed home prices, according to a new report by CoreLogic.
We went into the room where they do the auction, and didn't look as out of place as I had originally thought we would - I had attended an auction as research before, but it was a
regular foreclosure auction, and there were a bunch of lawyers dressed like what I assume actual adults are supposed to dress like - ties, pants suits, etc..
CNBC's Robert Frank reports that a penthouse in Manhattan's One57 luxury tower was just sold in New York City's
biggest foreclosure auction.
The 6,200 - square - foot, full - floor unit at One57 is scheduled to go to
foreclosure auction next month, according to Bloomberg.
Another apartment that sold for $ 21 million at One57 went to
foreclosure auction earlier this month, but there's no word yet on the result.
The third - party investors are gaining a bigger share of a shrinking pie, as
foreclosure auctions made up 8 percent of all home sales in June, the lowest since August 2006.
«After a surge in short sales in late 2011 and early 2012, the favored disposition method for distressed properties is shifting back toward the more
traditional foreclosure auction sales and bank - owned sales,» says Daren Blomquist, vice president at RealtyTrac.
The same legal notices that
cover foreclosure auctions also announce auctions for properties being auctioned for bankruptcy or divorce.
By auctions I
mean foreclosure auctions, tax delinquent property auctions, private auctions, sheriff's sales, bankruptcy auctions and more.
A show about
foreclosure auctions called «Betting the House» started filming auctions in Phoenix in September 2011, the exact bottom of the market for home prices.»
Leslie Mathis, myself and the rest of the attendees wanted to thank Bill and Kim Cook for speaking last night (3/28/11) at the Atlanta REIA West Meeting at the Cherokee Cattle Company on the fascinating topic of how to buy houses at the
courthouse foreclosure auction.
If you don't believe me, you can read about the Department of Justice criminal investigation that has yielded over 40 guilty pleas in bid - rigging in Northern
California foreclosure auctions.
In January, the number of New
York foreclosure auctions reached 527, the highest monthly level since October 2010, according to data firm RealtyTrac.
«The number of
future foreclosure auctions scheduled in January continued to increase in many states, foreshadowing more foreclosure spring cleaning to come in the next several months in those states,» said Daren Blomquist, a RealtyTrac vice president.
[break] Washington State's distressed real estate market offers significant opportunities for local investors seeking to fix up and
resell foreclosure auction properties and distressed homes at a profit.
(MCT)-- Seasoned real estate investor Kurt De Meire led an eager group of students on a field trip to a
recent foreclosure auction.
The Department of Justice (DOJ) announced earlier this week that a group of Mississippi real estate investors plead guilty for their roles in a conspiracy to rig bids at public real
estate foreclosure auctions.
Meanwhile, institutional buyers made up about 38 percent of those investor purchases
at foreclosure auctions in June, down from a steady trend of around 50 percent in the first five years of the expansion, the data show.
Bid4Assets conducts federal forfeiture auctions for the U. S. Marshals Service and has conducted online tax
foreclosure auctions for over 75 counties nationwide.
Many Wall Street investors followed, amassing about 200,000 homes largely
through foreclosure auctions and purchases of individual properties, to take advantage of the lowest homeownership rate in decades.