Life After Forclosure Auction
I am new to real estate and have been following the forclosure auction online for Dade county. First I wanted to confirm some terminology... is the plaintiff the bank that owns the property?
Also I noticed that the plaintiff maximum bid is often hidden, why do they do that? Lastly, the majority of the properties are ultimately bought by the plaintiffs. What happens after that? Does the bank maintain control of the properties? Is that a good time contact the banks to purchase the property? Should I consider the bidding activity in my offer to the bank in an unsuccessful auction?
Please advise, looking for some help from an expert...