How long does it typically take for a foreclosed property to be auctioned?

How long does it typically take for a foreclosed property to be auctioned?
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Answer :

This is a case where laws vary so widely from state to state that it's impossible to give a 'typical' timeline. In Georgia, with its relatively short process period and sale publication requirements and no redemption period, a sale may occur within two month after foreclosuress. In Indiana, the process can drag out for a year or more.
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Related questions

Do you need a license to buy foreclosed property?

Description : Do you need a license to buy foreclosed property?

Last Answer : No license is needed when buying foreclosed property mainly because nothing special is needed to buy property. When a bank auctions off a property all you need is money to buy that property and nothing else

Where do families go, when their home has been foreclosed?

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Last Answer : Well, they might be able to rent a home or apartment, they might be able to find family or friends to take them in, they might end up in a shelter or they might end up homeless. It all depends ... just because their homes have been foreclosed on. There may be such programs, but I don't know of any.

Is it unethical to allow your house to be foreclosed?

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Last Answer : I suppose this would be a choice between keeping your word of honor, or breaking the promise you made to pay for the thing you said you'd pay for. Seeing just how many lives are spanked ... your promise (contract), but allow your neighbors' property value to decrease, other people lose jobs, etc.

Does anyone know of free websites to find foreclosed homes?

Description : Does anyone know of free websites to find foreclosed homes?

Last Answer : Try here It eventually asks you to register but you can get quite a bit of detail without. Hope this helps.

What should I know if I want to look for foreclosed houses?

Description : What should I know if I want to look for foreclosed houses?

Last Answer : Work with a knowledgable real estate agent who specializes in foreclosures. That way you have good advice for all the things to watch out for. Be prepared to wait a long time for the bank/lender to make a decision. They usually wait until they receive several offers before making a decision.

How would you react if you knew a close friend abanadoned their pet after their home was foreclosed upon?

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Last Answer : Define Abandoned. Did they take them to the pound or leave them to die? Depending on the circumstances- if they took them to the shelter and had no choice I would not judge them. If they left their pet ... given water till help arrived. And they would not be friends to me ever again by a long shot.

If you believe in karma, what are your thoughts on acquiring a house or a vehicle, as examples, that have been repossessed/foreclosed?

Description : If you believe in karma, what are your thoughts on acquiring a house or a vehicle, as examples, that have been repossessed/foreclosed?

Last Answer : I would still buy it. You did not take away the house from them, so karma is not involved. The house, has been taken away, regardless of whether you buy it or not. It might sound cold hearted, but if ... the case, and the deal is good and the house looks like a good investment, i say go for it !

Why doesn't everyone buy real estate foreclosed on credit?

Description : If the repossessed property is really so cheap, why not buy it for those looking for a house / flat?

Last Answer : Because a lot of macera with it, many don't even give it. They are not given credit to all of them, and they all need to be rebuilt, because whoever is being moved out of it will be ruined.

What happens if I have rental housing and the landlord is foreclosed on for not paying the mortgage Will they kick me out on short notice?

Description : What happens if I have rental housing and the landlord is foreclosed on for not paying the mortgage Will they kick me out on short notice?

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What kind of cleaning needs to be done to a foreclosed home before auction?

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Last Answer : Essentially no cleaning is required unless there is some sort of agreement between the lender and the homeowner which the homeowner has agreed to. Beyond that the only requiement is to clear out ... Unfortunately, in this market simply cleaning a home will not guarantee a better price at auction.

We own our home with no mortgage. My husbands been unable to work for the past 10 years. He gets no disability, we are barely surviving on what I can earn cleaning homes. Our home is being foreclosed by the great state of NY for back taxes. Is there help?

Description : We own our home with no mortgage. My husbands been unable to work for the past 10 years. He gets no disability, we are barely surviving on what I can earn cleaning homes. Our home is being foreclosed by the great state of NY for back taxes. Is there help?

Last Answer : The New York State Attorney General's Office offers resources for avoiding foreclosure. Click here to access a list of counselors by county: http://nysdhcr.gov/Programs/ForeclosurePrevention/CounselListing. ... 23, 2009)for the serious individuals ready to make some changes- limited spots are avai

How do I know if I'm getting a fair price for a foreclosed home?

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Last Answer : In order to determine whether or not the pricing of a foreclosed home is fair, you may want to consult a property lawyer. They will be able to find out how much the home is really worth.

Where can I find a listing of foreclosed homes for sale in my area?

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Last Answer : Try this website. http://www.foreclosurestogo.com/ You can enter your state, and zip code to find houses near you that are foreclosed. You do have to register to see pictures of the houses though.

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