Home Buying in Pataskala>Question Details

Danielle, Home Buyer in 43062

can someone please tell me how to make an offer on a house that is in foreclosure but isn't listed yet?

Asked by Danielle, 43062 Mon Feb 23, 2009

foreclosure details and help

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7
You can also research on the licking county clerk of courts website to see if the home has been through the auction and then if the sale has been confirmed yet. If it hasn't been confirmed yet, then the bank or third 3rd party purchaser does not legally own it yet. The clerk of courts will name the lender that is foreclosing(notes are transferring to other banks even halfway through a foreclosure, so make sure to read the dockets to make sure that you are contacting the correct bank). Let me know if you need any help on this.
Web Reference: http://www.lowlistfees.com
0 votes Thank Flag Link Fri Feb 27, 2009
Danielle,

You have recieved some great insight into your question. There are two initial steps for consideration:
1. contact a local real estate professional for support

2. If you know the name of the bank, get in touch with them for necessary information.

Good luck
0 votes Thank Flag Link Fri Feb 27, 2009
Danielle:

Has the home been through the sheriff sale auction? If not, it may be available for sale prior to the bank buying it back and putting it on the market.

You can research it on the local county sheriff website.

http://www.lcounty.com/Treasurer/frmDelinquentTax.aspx

The home will be auctioned, then may become available for sale through a local real estate agent if it is not purchased by an investor at the sheriff sale. These sales have no contingencies as a normal REO or resale would. The properties are are purchased sight unseen and a large non-refundable deposit is required.

If this property has already been auctioned, it will eventually become available on the mls. It is unlikely that you will be able to get to it before it is available to the public. There is a whole process that is going on behind the scenes leading up to it being offered for sale. There are liens being cleared and they must also wait on the deed from the sheriff transfering ownership. An appraisal must be done, eviction in some cases, inspections, realtor price opinions, listing with an agent, clean out, etc.

If you do not already have an agent, I recommend hiring one. He/she will be able to assist you with purchasing this home when it does become available at no cost to you.

Best of luck to you,
0 votes Thank Flag Link Thu Feb 26, 2009
Hello,

Generally banks cannot make the time to negotiate directly with interested Buyers of the foreclosures. However, it is possible to keep track of the property and know the day the home becomes availble to the public. Feel free to contact me if you have further interest.

Best of Luck~
0 votes Thank Flag Link Mon Feb 23, 2009
You may have to wait until the house goes on the market with a Real Estate company. Most banks do not have the personel or the time to show and sell houses so they hire a company to sell their foreclosed home.
Web Reference: http://www.MaryStarkey.com
0 votes Thank Flag Link Mon Feb 23, 2009
Hi Danielle,

If you knw the bank involved, you should be able to track down the foreclosure department and start you inquiries there.

Good Luck!
0 votes Thank Flag Link Mon Feb 23, 2009
Danielle,depends on different factors,when the date is,alot of times,and ive tried to give bank offer and I had to wait til it went on mkt.If your serious in buying this home,and want me to do some research and find out the details ,email me the info and we'll go from there.

Regards;

tjroberts@remax.net

ABR,CNHS,e-PRO
Web Reference: http://tjroberts.remax.com
0 votes Thank Flag Link Mon Feb 23, 2009
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