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Foreclosure in Muncie : Real Estate Advice

  • All56
  • Local Info7
  • Home Buying16
  • Home Selling3
  • Market Conditions2

Activity 7
Sat Sep 27, 2014
Mark Kelly answered:
Yes it is as of 9/25/2014. It is listed for $87,900. email me back and we can set up a time to take a look at it. Thanks
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Sun Jun 2, 2013
amib813 asked:
I have been trying to find out more info about a foreclosed home in my area. The realty company that has the home says that they are waiting for the bank to release it. The sheriff sale…
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Mon Feb 21, 2011
Davesnyder1 asked:
ideas? I am looking for the Real Estate agents that handle the work from the banks directly. I hear not all banks send their work to National Preservation Companies who then have vendors…
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Tue Dec 28, 2010
Bob Movin-On answered:
The sheriff sale is set by the court after a judgment of foreclosure is issued. Under normal circumstances the sale date is set 45 to 60 days out giving time for signage to be place on the property and publication. But with the courts so jammed up with foreclosure these dates are being pushed out further and further. Also if the defendant shows up on the court date that sets the sheriff sale date they can ask for more time and in most cases be granted it. The courts do not want people to lose their homes so they will offer more time for things like modifications, short sales, mediation or deed-in-lieu-of agreements.

Good Luck
Bob Patrick
Buy a home after foreclosure expert
Movin-On LLC
Helping families/people that have lose their home get back into a new one in as little as 6 months
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Sat Apr 17, 2010
Emelia Sanchez answered:
Hello Tay Young,

You don't specify what type of auction. An auction like REDC has open houses prior to auction date you can log on to their website and view the inventory, Sign up to attend and follow the directions as far as registering and what you need to take with you and provide to them if you are the winning bidder. For this you may use a realtor to assist you.

For auctions at a courthouse - requires a lot of homework addresses are posted in the newspaper, you need to check who is the foreclosing lien holder and how many liens, you need to determine if property is sill occupied and if you wish to take on the eviction. If you are a newbie at investing probably not the best venue.
You need cash.

Some bank owned homes are a good deal especially if they are not financeable.
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