Philly Buyer, Home Buyer in Port Charlotte, FL

What is the easiest way to buy a home at auction from Charlotte County FL? Is it done on the "court steps"? Is there a website I should?

Asked by Philly Buyer, Port Charlotte, FL Mon Mar 1, 2010

review?

Help the community by answering this question:

Answers

4
Are you sure you want to purchase property through an auction? Auction property is normally sold back to the bank that holds the paper on the property. Following this, they will assign the property to a real estate agent to be disposed of as a "foreclosure."

As pointed our earlier, purchasing property at auction can result in inferiting problems that are unimaginable, including being left with the task of evicting the current owners or tenants.

It may be easier to wait for the lender to resolve these issues and then go after the property as a foreclosure.
0 votes Thank Flag Link Mon Mar 1, 2010
Philly Buyer

Please give these a look...Charlotte County Gov. sites
Tax Deed Sales/Mortgage foreclosure sales Rules http://www.co.charlotte.fl.us/clrkinfo/information/taxDeeds.htm
Do I have to be present on the day of the sale?

"Tax deed and foreclosure sales are now conducted entirely online via this web site. It is no longer necessary to appear in person to participate in the sale."

Online bidding for Tax Deed sales....https://www.charlotte.realforeclose.com/index.cfm

Auction Calender...https://www.charlotte.realforeclose.com/index.cfm?zaction=US…

This is all info from the Charlotte County website you might wish to check it out...

For finding Public Records and Tax sales for free using Gov. sites please view this....
http://www.trulia.com/blog/dunes/2010/01/public_records_find…

If you are interested in view REOs/Gov. Foreclosures for free using the Bank & Fed Gov. sites then please take a look at this....
http://www.trulia.com/blog/dunes/2010/01/reo_s_and_gov_prope…

If you are looking at Foreclosures on Trulia you may also wish to read this....http://www.trulia.com/blog/dunes/2010/01/trulia_foreclosure_…

Good hunting Philly
Dunes
0 votes Thank Flag Link Mon Mar 1, 2010
Philly,

I might add that, you are not allowed to enter the homes that are sold at auction. So, if the home has any issues i.e. Chinese Drywall, roof issues, etc you would not know until after you have purchased the home. You will not be allowed any inspections before the auction. I guess my point is that's it's not for the faint of heart.

Here's the website for the Charlotte County courthouse auctions:

https://www.charlotte.realforeclose.com/index.cfm

I have helped many people bid at auction so if you need some help just give me a ring.

Roxanne Moore, Realtor
Green Lion Realty
941-626-3926
0 votes Thank Flag Link Mon Mar 1, 2010
If you're an investor, you know what to do as far as determining the title condition, lender, approx. amount owed to that lender etc.
Yes, the Lender Foreclosure Sales/Auctions are done at the courthouse and those days and times are posted. The Charlotte Sun Herald will show those that are posted and the dates.
In some cases, the sale may not go forward for various reasons and the sale may be canceled. For example, if there is a short-sale in process which means that a contract has been written, accepted by the seller/owner of record and the process is pending lender approval (Lender that has a first lien on the property being sold), the sale might be canceled in order to finalize and close on the property.
There are other auctions that take place by auctioneers on specific properties and often sold on site.
In any event, if you're considering buying a property or distreed property in Florida, a Realtor with this experince is your best bet.
It costs you nothing however be sure the Realtor has this type of experience because many do not.
There are some pay for membership websites that you can join. Many are good but confusing because they list pre-foreclosures, tax delinquent properties and the of course foreclosures but I have not seen the dates of sales shown. These may be good for identifying the properties however your Realtor has access to Bank Owned Properties in the MLS.
I Hope this helps.
Bill Hoyle
AARE CAI
Realtor Auctioneer
The According To Hoyle Group
0 votes Thank Flag Link Mon Mar 1, 2010
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer