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 at
auction, 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 three
days notice to quite over the broker. The broker may not deal
the foreclosures on a daily basis, is probably looking at the
tax rolls, and not doing the title search. On the rental or lease
option front, it would be best if you were pro-active in contacting
the new owner, and fast. Otherwise the current owner will, most
likely, start to seek a forceable entry detainer. Depending on your
state, your personal belongings could end up on the street.

Follow Ups:

• Re: OPTIONS AFTER FORECLOSURE? - Sam 22:58:27 10/18/02 (1)
  • Re: OPTIONS AFTER FORECLOSURE? - Jim V 01:46:50 10/19/02 (0)

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Comments:
: 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 at
: auction, 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 three
: days notice to quite over the broker. The broker may not deal
: the foreclosures on a daily basis, is probably looking at the
: tax rolls, and not doing the title search. On the rental or lease 
: option front, it would be best if you were pro-active in contacting
: the new owner, and fast. Otherwise the current owner will, most 
: likely, start to seek a forceable entry detainer. Depending on your
: state, your personal belongings could end up on the street.


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