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Foreclosure in Valparaiso : Real Estate Advice

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Activity 2
Mon Oct 7, 2013
Linda Zyla answered:
You have to understand Indiana Real Estate Law. In the State of Indiana, homeowners who default on their mortgage loan has will then have their home sold be a Sherriff's Auction in the county the home is located. If the home is not purchased at Sherriff's Auction, the home then is listed by a local real estate company in a category of R.E.O. or Real Estate Owned by a bank.

Many times homes that are listed on "other" websites outside the local Multiple Listing Service are somewhere in the process from foreclosure - sherriff's auction and may or may not be listed for sale.

If you would like to email me at lindazcentury21@gmail.com the specific home address, I can check the MLS to see if it is listed for sale as an R.E.O.
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Fri May 8, 2009
Rick Yoder answered:
Patrick,
This is a modular or manufactured home built in 2002 on 2.2 acres. It is 1836 square feet and there is a detached garage. 2007 payable 2008 property taxes were $936. It is not yet listed in the mls as for sale.
Best regards,
Rick Yoder
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