How can I find out if a property is in foreclosure?
Question:
Answer:
the Realtor must disclose any and all legal bindings to a property. any bank of the town you are inquiring about will
give that information for a price...usually $15 dollars
or foreclosures.com will let you look at properties for $25 a month...hope this helps
I'm guessing here, try the County Tax Assessor? Also, is she buying it or renting? If she's buying, her realtor will do a title search and be able to tell from there.
This is not a difficult question to answer.
Each lender has different is different, therefore the lender could place the home in foreclosure after missing one payment. In some instances I have seen lenders go as long as 6-9 months before doing the actual foreclosure though they might threatened many times before they actually file the foreclosure documents.
When you are placed in foreclosure, the lender will record the foreclosure with the county at the county recorder's office, after which they will hire a service to deliver the foreclosure notice to your front door. They will place it all over to ensue that you get the notice.
To find out if the property is in foreclosure, you may call a title company listed in the telephone book yellow pages and ask for a property profile through their custom service office, they might do it for you though, rarely because they normally cater to professionals, but on occassions they will send one to individuals. You may ask them to email or fax it to you, just tell them you are consider purchasing the property and want to know about it before you make an offer. You will need to know the exact address,owner, and anything else like the lot and tract number if you have them. Most can do it with the address, but the extra infomation might be useful.
If this does not work find out if you have a friend that work in the real estate/mortgage lending or mortgage banking profession, see if they can get you a property profile.
The best way is to go to the county court house and get a copy of the foreclosure notice that was recorded by the lender from the county recorders office.
I hope this has been of some use to you, good luck.
"FIGHT ON"
I would try pre-foreclosure, it's easier to help someone out of a bind than it is to wait for a bank sale.
Title companies are good sources for these leads. Anyone who is defaulting on their loan is served with notice, title companies can obtain these leads for industry professionals anywhere in the country. I'm happy to help you if I can.
Let me know where you are looking to buy and perhaps I can locate a few homes for you to look into.
My email is kenneth_knapp @ yahoo.com.
KK
By moving in, do you mean she bought it? If she went through a title company to close, they would have picked that up. A title company insures clear title to the property.
Either way, you can find out through the county clerk's office. A Lis Pendens must be filed in order to let everyone know there may be foreclosure proceedings, and this is public record.
Oh yeah...and title companies do not provide individual service, as someone above me suggested, unless there is a transaction involved. If they do, it won't be for free.
What state? I have some sources.
Ok first the deed would be a good indicator of whether it is a foreclosed property.. Is the deed a quitclaim deed or referees deed (should specify right on the deed) these deeds are mostly associated with family sales and foreclosed sales... Also at the closing their should have been indication of leins placed on the home... You could always check the local county clerks office for information regarding the property as it is always public knowledge.
REALTRAC.COM HAS SEVERAL FORECLOSURE HOMES. AT VARIOUS STAGES EVEN SOME AT BANKS.
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