Their prices just look so cheap. Is it safe to by the Cour Order Sale House?
2006-09-19 17:37:04 · 5 answers · asked by fengyie 1 in Business & Finance ➔ Renting & Real Estate
There are any number of reasons for court ordered sales. Divorce, judgments, bankruptcy. There are pretty much the same issues with them that there are with foreclosures - people think (wrongly!) that they have no reason to take care of it, and some will actually go in and sabotage it. I was in one the other day where they had ripped out the shower before they left. Carpet was gross and disgusting. Etcetera.
Go through it with a nice cynical buyer's agent who knows your market. Then have a building inspector come out. Once that's done, ask a contractor for an estimate on what it will take to fix the property up.
Every single one is different. A good buyer's agent will know them, and save your backside.
2006-09-20 03:42:37 · answer #1 · answered by Searchlight Crusade 5 · 0⤊ 0⤋
A court order house for sale means that the person who owns the house owes money for back taxes and the state has taken their house for taxes. Sometimes the houses need work or they are houses of old people who can't afford to pay taxes. But the prices are legit and it is legal hey I say buy a couple, fix them up and sell them for like tripple maybe even more depending what it will appraise for after you fix it.
2006-09-19 17:42:40 · answer #2 · answered by Ms. Lise 4 · 0⤊ 0⤋
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2016-12-20 03:11:43 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It just means that probably the owner is in finaancial trouble and the courts are ordering them to sell their house as part of some settlement they owe. You can always check out the house before you purchase it.
2006-09-19 17:41:23 · answer #4 · answered by Bonita 3 · 0⤊ 0⤋
that's the accountability of the executor to handle the disposition and sale of any components, pay any duties or costs and distribute the relax components. The court docket would additionally rent a trustee to handle issues. it may well be best to have your grandson to seek for suggestion from with an components criminal expert.
2016-12-18 13:34:15 · answer #5 · answered by ayoub 4 · 0⤊ 0⤋