listed at 179,900
2007-11-09 12:34:40 · 3 answers · asked by Michele b 2 in Business & Finance ➔ Renting & Real Estate
when a home goes into foreclosure, the credit bid is what is owed on the home plus late fees, payments and foreclosure costs. If no one bids at the auction, the home is then owned by the bank for that price. To see what that price was, just go to www.zillow.com and it should show up as recently sold.
By the way, what they were owed plays no role in how much you can buy the home for. And in a downward market, what is owed is usually higher than fair market value. I suggest you work with a real estate agent that is experienced in REOs because not all foreclosures are great deals.
Regards
2007-11-09 12:43:26 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You don't find out. That information is confidential, and stays between the lender and the borrower
2007-11-09 20:41:45 · answer #2 · answered by acermill 7 · 0⤊ 0⤋
You don't.
What is owed is not public information.
2007-11-09 22:19:42 · answer #3 · answered by godged 7 · 0⤊ 0⤋