There is an amount that shows left on the mortgage, is that the asking price? Or if not, how do I go about getting a price on a foreclosure?
2007-01-25 08:49:49 · 5 answers · asked by sunshinebb2000 1 in Business & Finance ➔ Renting & Real Estate
Contact the bank. The asking price is just that. When it comes to foreclosures or, since the real estate market is in the dumper right now, you can call it the wish price. The bank will fight tooth and toenail for the amount owed but never never never pay the asking price, even in a good market. Just remember that foreclosures fall under different laws than purchasing a house that is just "for sale". It is take it as it comes.
2007-01-25 09:05:22 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If it is on a specific property, you can contact the assigned trustee for the information or you can get the information from the county recorder off of the Notice of Trustee Sale document. It has the opening bid amount, time place, etc.
If you are just looking for any foreclosure property, ask your title company for a list...it will include the same information stated above.
2007-01-25 20:54:13 · answer #2 · answered by DataGal 1 · 0⤊ 0⤋
Well, not necessarily. The bank may add on some additional fees for the foreclosure process, etc.
You can find prices on this site: http://www.foreclosure.com
Good luck.
2007-01-25 17:21:10 · answer #3 · answered by Anonymous · 0⤊ 0⤋
the lender will price it after they tak it back. if you can go to the owner before they loose the property and work out a purchase that will pay off the lender and give the seller a little go go away, that would be the best price you could probably work out.
2007-01-25 17:14:16 · answer #4 · answered by Patrick G 4 · 0⤊ 0⤋
bank will have listing agent even for forclosure house. try to contact them or have your agent contact them.
2007-01-25 16:57:55 · answer #5 · answered by Anonymous · 0⤊ 0⤋