How do I know the asking price on a foreclosure?
Mar 30, 2009 in
Financial and Loan Tips
sunshinebb2000
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?
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?
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5 comments
agf_sj on April 3, 2009 at 2:58 am
bank will have listing agent even for forclosure house. try to contact them or have your agent contact them.
pcpy on April 6, 2009 at 11:26 am
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.
Patrick G on April 6, 2009 at 1:41 pm
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.
lu_candid on April 9, 2009 at 6:44 pm
Well, not necessarily. The bank may add on some additional fees for the foreclosure process, etc.
You can find prices on this site:
Good luck.
DataGal on April 12, 2009 at 1:57 pm
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.