Who pays the real estate agent when a foreclosed home is purchased?
Written by admin on August 21, 2010 – 11:10 pm -
We are looking to buy a house. We found a real estate agent before we found the house we really want. It’s a foreclosed home. How does the real estate agent get paid?
Tags: Agent, Estate, foreclosed, home, pays, purchased, Real
Posted in foreclosure | 5 Comments »
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 »