Property Q&A in Charlotte>Question Details

POWIS KITSON…, Home Buyer in Firestone - Garden P...

I am interested in this property 14033 Millers Creek Ln Charlotte, NC 28278 it was recently auctioned but nobody has moved in yet.

Asked by POWIS KITSON-MILLS, Firestone - Garden Park, Charlotte, NC Tue Sep 10, 2013

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2
Good afternoon, George.
If the auction you are talking about was the foreclosure auction on the courthouse steps and the timing was within the last 9 days, and the price was what you want to pay, and you have about 20% of the purchase price in cash, you can submit an upset bid. But it is very risky if you don't have a title report. Otherwise, you can track the property address and if it is listed for sale in the MLS, receive a notice from us. If you appreciate an answer, please give thumbs up. For the most helpful answer, please say thanks with a best answer click.
0 votes Thank Flag Link Thu Sep 12, 2013
George,

It appears from the tax records that the house was headed to foreclosure. At this time though when I looked up the property on the tax records it still shows the original home owners listed as owners of the property.

If indeed it went to auction and no one met the minimum bid the bank would have received the house. The bank that was foreclosing on the house would bid at least what is owed them on the house. This way if it is sold they are guaranteed to get at least their money back.

At this time there are no records showing who may have won the bid. Whether it was the bank (because no one else bid on the house) or someone else.

Do you know how long ago it was auctioned? If the bank has it there is no way to know when they will put it on the market. I have seen some that were foreclosed and listed for sale within weeks and other sit for a year or so.....

Dave diCecco
Realtor/Broker
Coldwell Banker United
Cel:704-519-7895
ddiceco@cbunited.com
http://www.davedicecco.com
0 votes Thank Flag Link Wed Sep 11, 2013
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