Property Q&A in 06360>Question Details

Anthony, Home Buyer in Waterford, CT

Property was listed but no longer is. What is its status?

Asked by Anthony, Waterford, CT Wed Jan 14, 2009

33 Parkwoods Dr. Norwich, Ct This property was listed up until about a month ago. The listing agent has had no contact with the owner but thinks it is going into foreclosure. How can I find if it is going to foreclosure? Is there a way? I was interested in purchasing this property until the listing was removed and would like to track its progress. Thank you for any assistance you can give me. Anthony
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The first thing you can do is check at town hall in the land records. If a foreclosure process has been started, then a Lis Pendens will be filed against the property. This means Litigation Pending.
The other place you might check is on the CT Judicial Branch website . Once you find the owners name, or the lenders name, in the land records you can look to see if there is a court case on the docket.
I found the owner's name in an online assessors database http://www.visionappraisal,com and checked the court records. There is a foreclosure process started against the property. The owners address is listed as being different than the condo.
If you contact the owner, it MIGHT be possible to work out a sale agreement before the foreclosure process goes to auction or reposession. You should also be aware that the owner is probably getting bombarded by letters from investors that want to 'help' him out, so he may not seem receptive to you right away.
If you really like the condo, are willing to pay a reasonable price for it, the owner doesn't owe some crazy amount on it, and have a lot of patience, you might be able to work something out.
Hope this helps
Web Reference:
1 vote Thank Flag Link Thu Jan 15, 2009
Anthony, there are currently 4 condos listed within the same complex. If you are interested in taking a look at the ones currently offered, it might be less time consuming. I would be happy to arrange that for you. I can be reached on my cell #860-634-2531 or VM#860-779-6107 x243. Please let me know if I can be of any help.

Daniela Wellington-Realtor
The Partner Network
Dayville, CT
0 votes Thank Flag Link Thu Jan 15, 2009
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