A Foreclosure can only be a Foreclosure once,
unless the new lender is Foreclosing on the people who bought the Foreclosure.
If it was bought as a Foreclosure, and the Buyer fixed it up and are now FLIPPING it, it is not now a Foreclosure, but a normal sale.
If it is, indeed, a Foreclosure now, then maybe the Bank took it off the Market and now they are really going to Foreclose.
Ask your Realtor to do a HISTORY on the house so you will know.... more
When a home is not worth what the mortgage balance is, It becomes very hard to sell.
Banks for a while were allowing people to sell short with minimal resistance.
However it is becomming very difficult to get a short sale approved.
Reason: Banks are not insured against short sales.... more
Joe if teh house is a foreclosure, it may or may not even be lised yet. You should check the house, when it is listed there will be a notice with an emergency contatc name and number you can contact. If there is no notice yet, then it may still be going through the process, you can either wait until it is or get a buyer broker who can do additional checks for you as well as monitor the mls and other foreclosure channels for when it does show up,
Please see my blog for info and tips on how to buy a foreclsoure... more
Keep in mind that any local agent can help you with any information needed, showings, etc., contact any realty office(s) and inquire--if looking at a RealtyTrac ad-- keep in mind that RealtyTrac's information may not always be accurate, you could be looking at a lis pendens property--notice of default--some of those properties may not be for sale yet, and some may never be, if the default is satisfied by the owner. If you are interested in foreclosures, work with an agent--he/she will have access to reliable information--... more