I found out just 1 hour ago today that my neighbor’s home has gone into foreclosure. I am new to REI and all of this happened under my nose without my knowing. I checked the public records on this and the bank foreclosed on the property 2-14-07. A public auction was held on 4-11-07. I am assuming however, that no one may have bought the property. I have not seen a new any work being done to the house and the public records do not show a transfer of Deed to a new owner. However, this information may simply have not been updated on the County’s website.
Here is some information about the home.
The home’s appraised value is $198,510 . Zillow places the market value at $263,353, Value Range: $234,384 - $316,024. I can only describe its current condition as FAIR. I have only seen it from the outside. The roof seems fine. The paint on the exterior is ok. It needs some landscaping work, but it’s a relatively small lawn. It may have 2 or 3 bedrooms, and 1 or 2 baths judging by its size, and similar model homes I have been inside in this neighborhood. It has a pool.
Please let me know what other information I can provide that would be helpful in advising me.
I have a MULTITUDE of questions to ask you experienced REI’s I am not even sure where to start so ill just jump into it and get started with eh most basic question.
How can I find out who owns the home right now? I expect the Bank does, but I need to be sure in order to have any clue how to proceed.
PLEASE ADVISE.