Updated over 4 years ago on . Most recent reply
Undecided - Property Foreclosure/Shortsale
Hi everyone,
I recently saw a distressed property on my way to work. I decided I was going to pursue it and do my research before contacting the owners. However, I saw that it could have undergone a shortsale according to the Certificate of Title. The property was sold back in 2010 to a company and two other petitioners.
Moreover, I found an appeal document dated Oct. 2021 in which the company (buyer) is trying to appeal from a decision that awarded prejudgement interest in favor of the intial owner. While I am a little scared due to the legal verbiage, I want to know if this property is worth pursuing and why? If not, please provide a small explanation so that I, and others who may come across the same issue, understand what to look out for.
Thank you! :)