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Foreclosure in Sammamish : Real Estate Advice

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Activity 2
Wed May 6, 2009
Keith Zeiler answered:
Joseph,

It looks like this house was bought thru a trusteed sale for the amount of $302,271. My thought is that it went to auction and someone bought the property. Because it is not in a banks name. It is in a husband and wifes name. So I am thinking they bought the house from auction.
If they bought it at the auction 302,271 may not be the only thing they paid for the property. They may have paid 302,271 there on the steps of the court house but who knows if that was for the first lien, or second lien, third lien or so on. At the auction you are buying what ever they are selling on the steps. They do not tell you if there are other liens on the property. So that is the down fall. So you have to do your homework when buying at the auction. Because you can think you bought it for 302,271 and then come to find out there is a second mortgage that still needs paid off.

I hope that helps. Please email me if you have any questions. We list a lot of properties for banks.

Thanks
Keith Zeiler
keith@tk2homes.com
... more
1 vote 2 answers Share Flag
Sat Dec 27, 2008
Lucy Mckie answered:
The home is listed as a relocation and is not on the foreclosure lists. Let me know if you need more information.
0 votes 1 answer Share Flag
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