Trustee Sale Question
Example- If a trustee sale has been announced in the city's local paper,
for example 85k. Is this how much the homeowner owes on property and all the bank wants on the property?
I found several that will be sold for far below the comps in the neighborood.
EX-one is listed for 106k was bought 1yr ago for 124K, prop is comping at 142k.
I will be grateful for any advice.
Thank you, Maggie
iaomo,
probably not, in cal. it is the amt. of the 1st t.d. you probably will also have taxes, liens and other encumberances. go to a title co. and ask for liens of record and the amts. this will give you a start of what you're getting into----good luck
if its a read deal there will be others interested in the property as well,
for example we had a tax sale on tax defaulted property, all but one of the owners came in by the dead line and settled up, so for the hundred or so who showed up for the auxtion it was a real shark feed and sombody paid way too much, the county was happy