Foreclosure University Forum


How quickly will auction occur after locks just changed?

by foreclosureuniversity ⌂ @, Wednesday, July 17, 2013, 20:37 (1710 days ago) @ spizzi

Unfortunately this is happening all across the country. Because of all the inventory, banks are having a hard time keeping up with all the foreclosures. Typically though, if the locks are being changed, it usually means the home had gone through foreclosure and now the bank owns it. They will now change the locks and list it with the REO listing agent they have a relationship with. How long before it sells is a question of the market, price, condition and neighborhood.

On a side note, an eyesore may be a great opportunity to the right person. Make a low ball offer and flip it to a rehabber / landlord who will come in a fix the place. MIght be a great opportunity for you.

Good Luck

Complete thread:

 RSS Feed of thread

User Menu

Forum Search


Featured Product

foreclosure home study course
"The Investors Complete Foreclosure Home Study Course - Only $47"

Discover a Proven System for Buying Real Estate Foreclosures 30%, 40%, and 50% Below Market Value. Generate Huge Returns Using This Step-by-Step Foreclosure System.

Learn More - Click Here

Forum Statistics