Updated almost 11 years ago on . Most recent reply
Post-Foreclosure Sale (after Sherriff's Sale)
Hi BPers-
After a few cursory searches about this topic, I didn't see anything posted or answered about this. First of all, any links to a primer on forecloser purchasing? I know it's state specific and often times city or county, but I'm looking for info on what people do after the foreclosure sale happens and is being held by the lender. How do you track these people down? What bank?
So here is my scenario: There was a foreclosure on a property in late 2012 on a home locally to me. At the sale the lender bid the mortagage amount and took it back. All of that shows on Zillow. I verified at the Indianapolis Assessor's office, and the Recorder's office. The last known sale/assessment/recorded deed was 2005 and absolutely nothing recorded since 2006 (there was a sewer lien, but that was 2005 as well. Clearly some stuff went down since then. This is where I need the Foreclosure 201 course. What do?