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I am desperately want to find out if a villa I have fallen in love with is getting ready to be foreclosed on.

I wrote a contract on this particular property 5 days after it had come onto the market, over asking price with no contingencies outside normal inspections. The entire process had been a little less than normal, but bottom line after being asked for a 24 hour extension the sellers agent came back to me and stated they were withdrawing their listing immediately and he did not have any details as to why. The villa was taken off of the market 7 days after being listed on Feb. 28th.

I found out today (owners were having garage sale that my mother and sister happened to drive by) that the owners are moving out next week. I gave this a little more thought and looked up the Real Estate Tax Records and they are 3 years in arrears and owe almost $7,000.oo. Clearly they must be going thru foreclosure.

HOW DO I FIND OUT MORE SO I CAN BUY?

2007-03-22 13:59:53 · 4 answers · asked by Carrie D 1 in Business & Finance Renting & Real Estate

4 answers

They are obviously behind on the taxes, but are they behind on the payments as well? Perhaps it has already gone to trustee sale, and that is why they had to take it off the market. What is the address and I could probably find out for you....terra@terrabruns.com

2007-03-22 14:04:03 · answer #1 · answered by Terra B 2 · 0 0

You may find out if the property is in foreclosure by going to the county court in which the property is located, and ask the clerk if you can look the property up in county records. There might be a small fee for this.

If you know of a title company in your city you might call one and ask as a courtesy if they can send you a property profile on a property you made an offer on. Look in your local telephone book find a title company. Call them and ask for customer service. Tell customer service you would like for them to fax you over a property profile on the property.

This document will tell if the property is behind in local county taxes as well as if it is in foreclosure.

I hope this has been of some use to you, good luck.

"FIGHT ON"

2007-03-22 14:11:54 · answer #2 · answered by Skip 6 · 0 0

Talk to the tax man...

You may be able to "buy" it outright from under them simply by payingthe taxes.

As for finding-out if the state is *about* to forclose on them, you can't until the taxman files with the courts, or posts the forclosure notice in the local papers. The only way you can find this kind of information out is "accidentally" if the tax man you are talking to has to suddenly take a leak, and "conveniently" forgets to put the family's tax records away or lock his computer.

2007-03-22 14:08:10 · answer #3 · answered by jcurrieii 7 · 0 0

foreclosure is far fetch to this issue at bar; as far as you information is concern we are just talking here of being a tax delinquent on the part of the owner, not unless it was already levied and subjected to a public auction sale by country court concern but still it is subject to a redemption period as prescribed by law.the best thing you should do is to ask for the owner for the settlement of his tax due and offer him to purchase the subject property.,you can even appeal for an tax amnesty.

2007-03-25 03:56:35 · answer #4 · answered by bodge from bicol 1 · 0 0

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