Foreclosure in Sarasota>Question Details

Jennifer Fit…, Real Estate Pro in Geneva, NY

where is the public auction for foreclosed properties?

Asked by Jennifer FitzGerald, Geneva, NY Tue May 22, 2012

Help the community by answering this question:


Jennifer Fitzgerald, properties that are being sold "on the courthouse steps" are posted online at the respective county's website. In Manatee and Sarasota, there is an online calender listing case numbers and their dates of sale. The calendar is posted by the month.

When you arrive at the calender you can click on each case number. You will also see whether or not the case has been resolved or not. If you are planning on bidding online, keep in mind that you will be competing with the lien holding banks, corporate investors, other entities and savvy foreclosure investors.

If you win the bid by 5pm the end of the business day you will have to pay in full the amount of your winning bid.

This is a very high risk way to purchase property, the title search will be up to you as well as your research as to the condition of the property. If you win the bid you accept the property in its as is condition, with no warranties. If there are other liens attached to the property they will be yours as well. Any title clouds, encumbrances, etc, pass through to the next owner.

If you are interested in buying a bank owned or reo property these have already been through the foreclosure process and have a certificate of title. Again you purchase these as is. Bank owned properties frequently, do not have appliances, no repairs and sometimes no a/c units. As they have been through the foreclosure process you will be able to conduct a title search prior to closing.

For your information, our real estate market is extremely active. Good properties are going under contract within 2 weeks or less. Frequently you'll encounter multiple offers on properties particularly in prices 150,000 or less.

If you;d like to search for properties currently on the market in real time, We can offer you a free ListingBook account which will allow you to search all properties listed in the Tampa Bay, Manatee and Sarasota areas. You'll receive morning reports with new listings, recent pendings and price changes.

You can write to us or sign up at our website.

Best regards,

Lynn Brock
Brock Realty Inc

0 votes Thank Flag Link Tue May 22, 2012
Here is the Sarasota County Web Site where you go for county foreclosure sales. There could be other public auctions that are advertised by agencies as well.

Tammy Hayes, Realtor
Green Lion Realty,
0 votes Thank Flag Link Tue May 22, 2012
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