When the property enters the last stage of the foreclosure the lender decides if the property will be auctioned at the courthouse steps. To buy it at this point you'd need all cash and bid against others at the public auction. Purchasing a property this way is high risk as you are buying a property that may have hidden financial implications that could pass through to you. Buy with caution.
If you are interested in finding a foreclsoure deal use a competent realtor.
I'm not sure if this is the correct property but it has similar sq ft and is on Orleans. Looks like an investor boughtt for $23k and sold it to the next retail buyer for $65k. The listing indicated it was in bad condition with a leaking roof, etc so they probably put some money into the flip:
Deed Type: WARRANTY DEED Price: $65,000 Qualifiers:
Sale Date: 05/28/2010 Recorded Date: 06/10/2010 Grantor: FLIPPEN OUT PROPERTIES LLC
Mortgage Amount: $64,136 Lender: SUNTRUST MORTGAGE INC
Deed Type: WARRANTY DEED Price: $23,000 Qualifiers: U, I
Sale Date: 12/08/2009 Recorded Date: 01/11/2010 Grantor: AURORA LOAN SERVICES LLC Grantee: FLIPPEN OUT PROPERTIES LLC
Mortgage Amount: $0 Document Type:
You're welcome to browse actualy listings on my website if you're not yet working with a Realtor. It's free and no obligation: http://www.SoldOnTampa.com
All the best,
Alma Rose Kee, PA
Future Home Realty, Inc.
Jim Soda -- TheSodaGroup.com
Keller Williams Realty International
Sarasota / Lakewood Ranch
Foreclosures and Short Sales
You'll want to look into getting a buyer's agent to notify you when this property hits the market!!! He or she will also look out for YOUR best interests in the transaction. Interview a few to find one your comfortable and ask them for their sale history. If they are not knowledgeable in short sales or bank reo's then fins someone who is!
Mark Zabilowicz (813) 849-8554
this home is not for sale yet. It just started the process of preforclosure. Usually these loans are modified. If not, it will be a short sale and listed with a realtor. Let me know if we can help you.