I am a realtor in the area and have a vast knowledge of Bank Owned properties. I know the entire process. If you are still seeking answers, I'd be happy to chat with you to clear up all the confusion.
Carey Ferrari, ABR
Prudential Karam & Simon Realty
I am Home Steps registered in my area and I receive advance notice of homes available through Fredddie Mac in my area.
SO I COULD GO BUY A HOUSE AT A SHERIFF SALE AND THEN IN 30 DAYS NOT EVEN OWN IT AS THE DEFAULTED OWNERS CAME UP WITH THE MONEY SO THEY GIVE IT BACK TO THEM? YOU HAVE TO PAY THE TAXES WHEN YOU WIN THE BID. SO IS THAT JUST A GIFT TO THE OLD OWNERS????????????
WHAT PRICE DO THEY HAVE TO PAY??????????????
WHAT THEY OWE, WHAT THE HOUSE WENT FOR AT THE SHERIFF SALE, OR WHATEVER OFFER THE BANK WILL TAKE????????????????
I AM DEFINITELY IN SHOCK ON THIS ONE.
In Ohio, after a home has gone through the Sherif;s sale, the previous owner has 30 days after the Sheriff's sale to come up with the money to clear the obligations.
Title will not transfer for 30 days after the Sheriff sale.
The best advice I can give you is to contact an agent in your area that has experience in dealing with foreclosures. Sometimes the paperwork is a little tricky , but an experienced agent can make sure that all of the paperwork is handled properly. It doesn't cost you anymore to use an agent and it will save you a lot of headaches.
If you don't have an agent feel free to contact me and I will refer you to an experienced agent in your area.
Good Lluck and God Bless,
Once the property has been put back on the market after the foreclosure process has been completed, your interests can be best served by a REALTOR that works for you.
I would be happy to assist you to determine fair market value, prepare your offer, negotiate on your behalf and co-ordinate the successful closing for you.
If you would like to continue searching for a home, and looking for the BEST AREA HOME SEARCH, let me recommend http://www.BestAreaHomeSearch.com.
While on this page, you can also click on a tab entitled, "INSTANT HOME VALUE" and type in an address to determine what the homes in the area have sold for recently.
If I can be of any help, please call me at 440-487-2193.