What happens to a second mortgage when a home is purchased at a foreclosure auction?
Written by admin on March 7, 2010 – 12:43 am -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?
Tags: Auction, foreclosure, happens, home, Mortgage, purchased, second
Posted in Mortgage | 5 Comments »
The Pre-Foreclosure Property Investor’s Kit: How to Make Money Buying Distressed Real Estate — Before the Public Auction
Written by admin on February 26, 2010 – 4:23 pm -
- ISBN13: 9780471692799
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
Product Description
Pre-foreclosure real estate is one of the hottest investment opportunities on the market. The Pre-Foreclosure Property Investor?s Kit offers step-by-step instruction and no-nonsense advice on how to find great deals, estimate fair market value, negotiate with sellers, sell your property on your own, and win big in real estate. You?ll learn how to get the best deals on foreclosure properties before they go to auction and utilize simple ready-made worksheets, checklis… More >>
Tags: Auction, Before, Buying, Distressed, Estate, Investors, Money, PreForeclosure, property, Public, Real
Posted in foreclosure | 5 Comments »
