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Debt Relief – Insolvency – Bankruptcy Information » Entries tagged with "purchased"

How do I pay for a home purchased at a foreclosure auction?

In my county (Fulton County, Georgia), when a home is auctioned off for tax reasons, payment must be made within an hour of the auction close. The payment must be made in cash or certified funds. How would I pay for a home purchased as a bank foreclosure? Same? It seems difficult to show up with hundreds of thousands of dollars in cash. … Read entire article »

Filed under: Foreclosure Help

Help, have never purchased a foreclosure home. What do I look out for and do?

Looking to relocate to San Diego, California area. Noticed that there are alot of foreclosures right now. Do you just pay the back taxes or auction price? Need 4 bed, 3bath, single story, can have frog, full room over garage, prefer walking distance to beach. … Read entire article »

Filed under: Foreclosure Help

What happens to a second mortgage when a home is purchased at a foreclosure auction?

I am going to bid on a house at foreclosure and it has a 1st mortgage of $280K and a second of $70K. The lender on the first two mortgages is Decision One Mortgage. The lender at foreclosure is Countrywide. Does this mean that if I buy this house at foreclosure that I will own additional money to the second mortgage or just the first mortgage and back taxes? … Read entire article »

Filed under: Foreclosure Help

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