Comments on: VIDEO: Foreclosure Auction Guide http://www.foreclosuretruth.com/blog/sean/video-foreclosure-auction-guide/ Sat, 04 Feb 2012 19:57:02 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Sean O'Toole http://www.foreclosuretruth.com/blog/sean/video-foreclosure-auction-guide/#comment-228672 Sean O'Toole Fri, 20 Jan 2012 06:24:15 +0000 http://www.foreclosuretruth.com/?p=1129#comment-228672 Curt, it is unlikely that anything will directly state the loans position. Instead you have to look at the entire chain of title and see what loans were made before the one that is being foreclosed on, and then look to see if those have been reconveyed (paid off) or not. Lots of discussion here about doing lien research: http://www.foreclosureradar.com/forum/buyers-and-investors/buying-auction/which-liens-are-not-wiped-out-trustee-sale Curt, it is unlikely that anything will directly state the loans position. Instead you have to look at the entire chain of title and see what loans were made before the one that is being foreclosed on, and then look to see if those have been reconveyed (paid off) or not. Lots of discussion here about doing lien research: http://www.foreclosureradar.com/forum/buyers-and-investors/buying-auction/which-liens-are-not-wiped-out-trustee-sale

]]> By: Curt http://www.foreclosuretruth.com/blog/sean/video-foreclosure-auction-guide/#comment-228668 Curt Fri, 20 Jan 2012 06:05:36 +0000 http://www.foreclosuretruth.com/?p=1129#comment-228668 In your video, under Terms of Sales, you mentioned that if the second mortgage foreclosed the home and if I buy it at the auction, I would still be responsible for paying off the first mortgage. I'm also responsible for paying any unpaid taxes. Before I bid on a house at an auction, how do I know if the homeowner had more than one mortgage? At https://www.miamidade.realforeclose.com/index.cfm?zaction=AUCTION&Zmethod=PREVIEW&AUCTIONDATE=01/10/2012 , the auctions are online. If you look a house that is being auctioned on that website, there is a link for Case #. Clicking on that takes me to the County Recorder's Official Record Search Results. Clicking on the Img icon shows the Final Judgment document. What should be written there to indicate that another mortgage and property taxes need to be paid by the new buyer from the auction? In your video, under Terms of Sales, you mentioned that if the second mortgage foreclosed the home and if I buy it at the auction, I would still be responsible for paying off the first mortgage. I’m also responsible for paying any unpaid taxes.

Before I bid on a house at an auction, how do I know if the homeowner had more than one mortgage? At https://www.miamidade.realforeclose.com/index.cfm?zaction=AUCTION&Zmethod=PREVIEW&AUCTIONDATE=01/10/2012 , the auctions are online. If you look a house that is being auctioned on that website, there is a link for Case #. Clicking on that takes me to the County Recorder’s Official Record Search Results. Clicking on the Img icon shows the Final Judgment document. What should be written there to indicate that another mortgage and property taxes need to be paid by the new buyer from the auction?

]]> By: free auction http://www.foreclosuretruth.com/blog/sean/video-foreclosure-auction-guide/#comment-205244 free auction Fri, 09 Dec 2011 19:54:58 +0000 http://www.foreclosuretruth.com/?p=1129#comment-205244 Excellent beat ! I wish to apprentice whilst you amend your site, how could i subscribe for a blog site? The account aided me a acceptable deal. I have been tiny bit familiar of this your broadcast provided brilliant clear idea Excellent beat ! I wish to apprentice whilst you amend your site, how could i subscribe for a blog site? The account aided me a acceptable deal. I have been tiny bit familiar of this your broadcast provided brilliant clear idea

]]> By: thomas sabo shop http://www.foreclosuretruth.com/blog/sean/video-foreclosure-auction-guide/#comment-198799 thomas sabo shop Tue, 29 Nov 2011 19:31:27 +0000 http://www.foreclosuretruth.com/?p=1129#comment-198799 Howdy very cool blog!! Man .. Beautiful .. Wonderful .. I'll bookmark your website and take the feeds also?I am happy to search out a lot of helpful information here in the put up, we'd like develop extra strategies on this regard, thank you for sharing. . . . . . Howdy very cool blog!! Man .. Beautiful .. Wonderful .. I’ll bookmark your website and take the feeds also?I am happy to search out a lot of helpful information here in the put up, we’d like develop extra strategies on this regard, thank you for sharing. . . . . .

]]> By: Sean O'Toole http://www.foreclosuretruth.com/blog/sean/video-foreclosure-auction-guide/#comment-183367 Sean O'Toole Tue, 08 Nov 2011 05:12:42 +0000 http://www.foreclosuretruth.com/?p=1129#comment-183367 Determining position is more art than science. While recorded documents rarely state position, even if they do, it should not be relied upon. The safest thing to bid on at trustee sale is a purchase money first. Those are recorded the same day as the purchase was recorded, and should be the next document after the grant deed. For a lot more information on this check out this post in our forums: http://www.foreclosureradar.com/forum/buyers-and-investors/buying-auction/which-liens-are-not-wiped-out-trustee-sale Determining position is more art than science. While recorded documents rarely state position, even if they do, it should not be relied upon. The safest thing to bid on at trustee sale is a purchase money first. Those are recorded the same day as the purchase was recorded, and should be the next document after the grant deed. For a lot more information on this check out this post in our forums: http://www.foreclosureradar.com/forum/buyers-and-investors/buying-auction/which-liens-are-not-wiped-out-trustee-sale

]]> By: John http://www.foreclosuretruth.com/blog/sean/video-foreclosure-auction-guide/#comment-183345 John Tue, 08 Nov 2011 04:37:01 +0000 http://www.foreclosuretruth.com/?p=1129#comment-183345 It looks like a huge mistake you could make is bidding and winning an auction that was for 2nd position when you thought it was for 1st position. What document would you need to have to make sure you have 1st position, and where on the document would you see that you clearly would be bidding for 1st position? It looks like a huge mistake you could make is bidding and winning an auction that was for 2nd position when you thought it was for 1st position. What document would you need to have to make sure you have 1st position, and where on the document would you see that you clearly would be bidding for 1st position?

]]> By: foreclosure loans http://www.foreclosuretruth.com/blog/sean/video-foreclosure-auction-guide/#comment-178909 foreclosure loans Tue, 01 Nov 2011 18:25:57 +0000 http://www.foreclosuretruth.com/?p=1129#comment-178909 <strong>what is chapter 7 bankruptcy...</strong> [...]Foreclosure Auction Guide | ForeclosureTruth[...]... what is chapter 7 bankruptcy…

[...]Foreclosure Auction Guide | ForeclosureTruth[...]…

]]> By: Sean O'Toole http://www.foreclosuretruth.com/blog/sean/video-foreclosure-auction-guide/#comment-144049 Sean O'Toole Mon, 22 Aug 2011 23:47:14 +0000 http://www.foreclosuretruth.com/?p=1129#comment-144049 The receipt is just for your records. The trustee should send you a Trustee's Deed within a few days of the sale. Once you have the deed, then go to the county recorders office and have it recorded. No need to involve a title company, though they may be willing to record it for you. If you haven't received it within 10 days, definitely contact the trustee and follow up. In CA the sale is considered completed as of 8am the day of sale, so long as the deed is recorded within 15 days. Recording it later likely won't be a huge issue, but best to do it within that time frame if possible. The receipt is just for your records. The trustee should send you a Trustee’s Deed within a few days of the sale. Once you have the deed, then go to the county recorders office and have it recorded. No need to involve a title company, though they may be willing to record it for you. If you haven’t received it within 10 days, definitely contact the trustee and follow up. In CA the sale is considered completed as of 8am the day of sale, so long as the deed is recorded within 15 days. Recording it later likely won’t be a huge issue, but best to do it within that time frame if possible.

]]> By: susan ferrington http://www.foreclosuretruth.com/blog/sean/video-foreclosure-auction-guide/#comment-144021 susan ferrington Mon, 22 Aug 2011 22:25:07 +0000 http://www.foreclosuretruth.com/?p=1129#comment-144021 what do you do with the receipt once you have the winning bid? take it to the title company? what do you do with the receipt once you have the winning bid? take it to the title company?

]]> By: Check out this video to help you with fo « San Diego Real Estate Blog http://www.foreclosuretruth.com/blog/sean/video-foreclosure-auction-guide/#comment-121650 Check out this video to help you with fo « San Diego Real Estate Blog Wed, 06 Jul 2011 18:59:48 +0000 http://www.foreclosuretruth.com/?p=1129#comment-121650 [...] out this video to help you with foreclosure auctions — http://www.foreclosuretruth.com/blog/sean/video-foreclosure-auction-guide/ By San Diego Real Estate, on July 6, 2011 at 11:57 am, under Uncategorized. No Comments Post a [...] [...] out this video to help you with foreclosure auctions — http://www.foreclosuretruth.com/blog/sean/video-foreclosure-auction-guide/ By San Diego Real Estate, on July 6, 2011 at 11:57 am, under Uncategorized. No Comments Post a [...]

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