I don't think the owners have been paying on it. So it may go into foreclosure I want to find out because I'm interested in the house. Where do you go to look?
2007-06-26 08:03:56 · 2 answers · asked by Sarah 2 in Business & Finance ➔ Renting & Real Estate
The first hint that a property is headed for foreclosure comes when a public notice is posted in the local newspaper concerning a foreclosure action. Some counties also have these on their websites, and you may find them a bit earlier there.
Prior to that, however, such financial information is private and confidential, and no lender will give it to you, since they could face legal issues for divulging same ahead of an actual filed foreclosure action.
Other than that, if you have the guts to do it, you could always go up, knock on the door, and ask. Don't be surprised, however, if you get a return greeting with a baseball bat or similar.
On occasion, you will find a real estate listing indicating a sale being offered to avoid foreclosure. However, the listing agent MUST get written permission from the seller to avoid breaching confidentiality rules.
2007-06-26 08:27:10 · answer #1 · answered by acermill 7 · 0⤊ 0⤋
There are real estate agents to specialize in foreclosures. You can check public records for leins/judgements on title, but depending on where you are, that might be easier said than done.
2007-06-26 08:10:05 · answer #2 · answered by Anonymous · 0⤊ 0⤋