Which properties up for foreclosure actually go to auction?
I had a quick question on prepping for the auction. My question is with there being hundreds of mortgage foreclosures listed. How do I know which are going to actually be up for sale on the day of the auction? I'm ordering title searches and am trying to avoid having to pay for more title searches than needed. Thank you!
Most Popular Reply
@Bijan Sabbaghi
You don’t that’s the challenge - we pull data from several places as a note holder and for example and currently we see less than 20% actually going to foreclosure as most are ending in bankruptcy right now due to borrowers equity
The ones that are under water are typically going back to the bank.
Best bet is to find properties where deceased or maybe divorced to get higher chance of actually going to foreclosure
- Chris Seveney
