Glenn

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Glenn, in Central Business District
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Glenn's Answers (4)
Farzaneh, Home Buyer in Los Angeles

Is the forclosure price on the site the sale price?

Asked Mon Jul 7 2008, 10:16 by Farzaneh  -  91326  -  Foreclosure  -  5 answers
Glenn answered:
Generally speaking, foreclosure is a public, bidding process. You can bid whatever you wish starting with the minimum bid, but others can and will bid as well. The sale price will be the amount of the highest bid. Remember there are a lot of other factors involved in foreclosures - you will probably not be able to see the inside of the home, there could be other title issues, and many traps for the inexperienced and furthermore, there are differences from state to state, including the right of the original homeowner to "redeem" their property for as much as a year after the foreclosure sale - meaning all that you went through could be for nothing. It's a good idea to check into all of the local nuances of foreclosures before bidding. Perhaps attend some foreclosure sales to observe before jumping in yourself. Good luck to you. - Mon Jul 7 2008, 11:28
Farzaneh, Home Buyer in Los Angeles

Question removed

Asked Mon Jul 7 2008, 10:17 by Farzaneh  -  91326  -  Foreclosure  -  2 answers
Glenn answered:
Generally speaking, foreclosure is a public, bidding process. You can bid whatever you wish starting with the minimum bid, but others can and will bid as well. The sale price will be the amount of the highest bid. Remember there are a lot of other factors involved in foreclosures - you will probably not be able to see the inside of the home, there could be other title issues, and many traps for the inexperienced and furthermore, there are differences from state to state, including the right of the original homeowner to "redeem" their property for as much as a year after the foreclosure sale - meaning all that you went through could be for nothing. It's a good idea to check into all of the local nuances of foreclosures before bidding. Perhaps attend some foreclosure sales to observe before jumping in yourself. Good luck to you. - Mon Jul 7 2008, 11:28
Farzaneh, Home Buyer in Los Angeles

Is the forclosure price on the site the sale price?

Asked Mon Jul 7 2008, 10:17 by Farzaneh  -  91326  -  Foreclosure  -  3 answers
Glenn answered:
Generally speaking, foreclosure is a public, bidding process. You can bid whatever you wish starting with the minimum bid, but others can and will bid as well. The sale price will be the amount of the highest bid. Remember there are a lot of other factors involved in foreclosures - you will probably not be able to see the inside of the home, there could be other title issues, and many traps for the inexperienced and furthermore, there are differences from state to state, including the right of the original homeowner to "redeem" their property for as much as a year after the foreclosure sale - meaning all that you went through could be for nothing. It's a good idea to check into all of the local nuances of foreclosures before bidding. Perhaps attend some foreclosure sales to observe before jumping in yourself. Good luck to you. - Mon Jul 7 2008, 11:25
Amanda, Home Buyer in Arizona

I'm trying to ask a question about buying a house in Arllington, MA. Every time I enter my question, and

Asked Thu Jul 3 2008, 17:59 by Amanda  -  All locations  -  Using Trulia  -  5 answers
Glenn answered:
There are situations where the state will disappear even if you entered it properly. For example, if you type in "Arlington,MA" in your question and then click on "preview" - then go back to see what you have entered, the "MA" will disappear from the entry. Then when you click on submit, only Arlington goes through and it picks the default. ZIP code seems to be more reliable as you don't have to double check that the system has not eliminated the state name. - Mon Jul 7 2008, 11:19
Delete the original question. Then enter your ZIP code instead of the city name and it will work properly. - Thu Jul 3 2008, 22:36
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