Re: OPTIONS AFTER FORECLOSURE?

Posted by Nick(Colorado) on October 18, 2002 at 13:37:28:



In Reply to: OPTIONS AFTER FORECLOSURE? posted by sam on October 18, 2002 at 02:27:15:



Sam:

First, information from this board will be more useful if you indicate which state the property is located.

If you would like to find out who purchased the property atauction, I would suggest that you go down to the county recorders office and do title searches for information on the property. I would tend to believe the lender and the presents of the threedays notice to quite over the broker. The broker may not dealthe foreclosures on a daily basis, is probably looking at thetax rolls, and not doing the title search. On the rental or lease option front, it would be best if you were pro-active in contactingthe new owner, and fast. Otherwise the current owner will, most likely, start to seek a forceable entry detainer. Depending on yourstate, your personal belongings could end up on the street.





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