Once I find a property that sits well with the comps in the area then I will try to contact the owner and try and get more information from them. If it seems to be a good lead then I can get a title report.Right? Does this sound like a way to go?
Sifting through the legal news and looking at what is due at date of sale. Lets say the price is $160,357, is this what is owed on the property or is this what the lender feels is the fair market value of the property. Trying to establish a game plan to try make offers before the auction sale date at our court house.
Posted by Randy (SD) on August 13, 2004 at 10:44:37:
In a legal description or publication the price that is posted is the amount owed to be foreclosing lender, it’s important to note superior liens as they will not be wiped out with a Jr. lender foreclosure.