Frequently Asked Questions
When
do you hold “Showings” for the houses? We
don’t. These are court ordered
foreclosures and not real estate listings as you would normally think of them.
If
I buy one of these homes, I only have to have 10% down at the time I bid, right?
No,
full payment of the bid is due on the day of the sale by certified cashier’s
check or bank check.
I
found a house I wanted then when I got to the sale it was cancelled, why?
There can be many reasons for
a sale to cancel. The owners caught
their payments up at the last minute, the owners may have filed bankruptcy, the
bank could not finalize their paperwork or any other number of reasons.
We cannot predict the cancellations.
How
do I get the keys after I buy it? You
are responsible for getting into the property after you purchase it.
We do not have the keys to any locks and cannot act as a Realtor by
providing keys.
There
are still people in the house I bought, I
can kick them out, right? No.
Generally, most people have moved by the day of the sale but if they
are still residing there then standard eviction procedures must be followed.
Check back with us if this occurs for sale order instructions.
I
don’t owe anything else once I pay for the house I bid on, do I?
Any liens listed in the court
proceedings are taken care of. Federal, State and IRS interests become the
responsibility of the new buyer. IRS
has 120 days to redeem any property purchased if they hold an interest.
The Sheriff’s office recommends obtaining a title search if you are
seriously interested in a property to avoid any unknown costs on your part.
Once
I have the deed from the Sheriff there isn’t anything else I need to do, is
there? Yes.
You must file the deed with the Recorder of our county in order for the
property to be finalized.
|