Foreclosure in Burlington>Question Details

Deborah Brau…, Other/Just Looking in Burlington, VT

Where do I get free listings of government tax foreclosures in Chittenden county Vermont?

Asked by Deborah Brault, Burlington, VT Tue May 13, 2008

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Deborah,

I would check the legal notices in the local papers. The Burlington Free Press is the largest and the one that would probably be used by the IRS and local towns to notify of any impending tax sales or auctions. I would stay away from all the services out there that offer to supply you with lists. They are generally expensive and the lists that I have seen from other people have been out of date and/or irrelavant for the area that they were searching.

A few things to keep in mind:
1. Tax sales usually require a sizable cash deposit and have short terms for paying the balance (less than 30 days).
2. If the house is worth the money and if there is a mortgage on the property, expect to be bidding against the agent for whoever holds any current mortgages on the property. They need to protect their investment.
3. If it is a local tax sale, there is a year redemption period for Vermont taxes. So, it could be a year from the time of the auction until you are able to take possession, IF the current owner doesn't get themselves current.
4. Tax sales DO NOT cover the liens on the property. If you find a property you are interested in, check with the local town government for any liens. Those travel with the property, so you could end up having to pay someone else's mortgage, contractor bill or even the money for a paper route as they stay with the property, not the person.

Another thing to keep in mind, the homes listed at CitySideCorp.com for HUD are homes that had government guaranteed mortgages and are not IRS properties. If you are interested in any of the HUD homes, the link to the Vermont search side is: http://hud1.towerauction.net/VT.htm. If you go that route, remember that you MUST put any offer on that property in through a registered HUD real estate agent. There is a list of them on the HUD site.

I linked the Legal Notices search at the Burlington Free Press below.

I hope that helps.

Jim
1 vote Thank Flag Link Wed May 14, 2008
County court house OR contact a local Realtor who can forward MLS listings

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
0 votes Thank Flag Link Fri Jan 28, 2011
Hi Deborah, I have a FB page where I list all new Foreclosures as they come up. It is Vermont Foreclosures and other homes for sale. Also I keep a blog at http://www.lorasvermontforeclosures.blogspot.com. I need to update that it has been a while- so busy... Lastly you can always contact me for an updated list of Vermont Foreclosures at 802-238-0064. Send your email address to me at Lora@vermontkw.com, and I will put you on my list!! I have closed over 200 foreclosures in Vermont and consider myself to be a local expert. Another opportunity these days include short sales. We can discuss more when you call or email me. I hope to hear from you. Lora Wilson Realtor, ABR, Green.
0 votes Thank Flag Link Fri Jan 28, 2011
Deborah,

You can start with HUD.gov Just go to the website and choose your location.

Hope this helps.

Larry Story
Coldwell Banker Triad
0 votes Thank Flag Link Tue May 13, 2008
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