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Hidden Springs : Real Estate Advice

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Tue Feb 12, 2008
Sherry Tarrant answered:
I don't live in California, however here in Idaho foreclosures go to the Title companys to be auctioned - literally in their lobbys. Most often they have a lot of debt (mortgages), liens, attorney fees and other fees due to the foreclosure process by the lender. Unless there is a really savy buyer at the auction you will find that the lender will "buy back" the home at auction and put it back on the market themselves. You will have an opportunity to purchase one of these homes at a foreclosure auction (be careful of the attached costs) or you could possibly contact the lender after they buy the property back and make an offer saving them from reselling it on the open market. Does this make sense? Let me know if I can help you further. Thank you, Sherry Tarrant Boise Idaho ... more
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