Bank Foreclosed Last Year...Foreclosing Again???
Hi! Maybe someone can help me understand this. A house was foreclosed on last year for $180,000. One year later, the property is in foreclosure again by the same bank. Last year it foreclosed by Consecutive Finance, this year it's "Blue Tree LLC F/K/A Consecutive Finance" ( same bank, I am not using the exact names because I don't know if I could). I can't find any record of a mortgage at all since last year's foreclosure. I've checked the courthouse records over and over. I asked the clerk, but she doesn't know either. It's been listed with a real estate agency. I called and all the agent said was by the end of the week they should have the finances straightened out with different financing. Is this weird or I'm I still a dummy? Thanks!!
Simply because a lender initiates a foreclosure proceeding doesn't mean that it will prevail, or result in a forced public sale.
To help unravel this puzzle, who is the Owner? And who is the Seller to the listing agreement?
Pay a title co. to get you the docs showing owner, mortgages, etc...then you'll know who owner and lender are and be able probably to make contact with them..