Foreclosure?
Ok, I'm positive this information is around here somewhere, but there's so much information/discussion I can never find something specific. So forgive the stupid question...
Is there a way for me to tell if a specific house is in foreclosure? One house on my way to work dropped it's for sale sign and I suspect it's being foreclosed. Another has a note posted to the door a month or so after the sign disappeared, but I can't read it from the street. I suspect foreclosure as well. How do I find out?
Is there a way for me to tell if a specific house is in foreclosure? One house on my way to work dropped it's for sale sign and I suspect it's being foreclosed. Another has a note posted to the door a month or so after the sign disappeared, but I can't read it from the street. I suspect foreclosure as well. How do I find out?
Comments
...Or shoot me an email with the address. I'll see what I can dig up using NWMLS records.
Do you mean the parcel viewer?
records search = find the NOTS
two sites to get to your goal
records search is trickier, as there are many people with the same name
or just do what Tim says below!
Looks like the house with the posted sign had a notice of trustee sale in November.Weird that there are 3 results for the same property and same name. Does this mean it's gone into foreclosure 3 times for the same person?
08/19/2005 NOTICE OF TRUSTEE SALE
12/26/2007 NOTICE OF TRUSTEE SALE
11/05/2008 NOTICE OF TRUSTEE SALE
So it's entirely feasible for someone to be delinquent long enough to get an NTS, then figure out some way to get current, then go delinquent again later, then get current, etc.
Multiple NTS are not uncommon. A homeowner might receive a Notice of Trustee Sale and then gather the money together to make the loan current and deliver it to the trustee on time to cancel the sale, etc, just like The Tim mentions. Another way to delay or postpone a sale would be if a homeowner files Chapter 13 bankruptcy, which automatically gives the homeowner more time. Then, at the last minute, they could switch from Chapter 13 to Chapter 7, thereby delaying the sale even further.
Sometimes a bank will delay the sale if a bona fide offer comes in as a short sale, giving loss mitigation time to review the sale and figure out if the bank is better off financially foreclosing or accepting the short sale.
You're not dumb, it's just the "other side" of mortgage lending. The dark side; the Darth Vader side of the business that's not readily known.