Foreclosure University Forum


How quickly will auction occur after locks just changed?

by foreclosureuniversity ⌂ @, Wednesday, July 17, 2013, 20:37 (2448 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

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