This online search is provided by the Public Trustee’s office as a courtesy to assist in your efforts to view and research foreclosure properties in ADAMS COUNTY only. To understand how deeds in lieu of foreclosure and short sales work, it is best to first review the elements of a mortgage. Provides a vast database of foreclosed homes located throughout the country and much effort is put into researching a home before it is listed. If the default isn’t corrected (the loan must be brought current) within three months, a foreclosure sale date is established. The borrower then has only 30 days to respond with a payment in order to avoid foreclosure.
We also post a Continuance List that may be helpful to determine if a sale date has been continued or a foreclosure action has been withdrawn. A house that has gone through a foreclosure auction and failed to attract any acceptable bids may remain the property of the owner of the mortgage. In general, there are eight events involved in a foreclosure (in this example, we assume the borrower has obtained a mortgage for a house from the lender ). Foreclosure equity-stripping scams, which have existed since the 1930s, are on the rise across the country.
If you have timeline contingencies for your purchase, for example the sale of your current home, a distressed property will be difficult if not impossible to buy. For each foreclosure, the report shows the date and amount paid for the foreclosure deed, the year of the mortgage being foreclosed, and the original principal amount of that mortgage. Foreclosure processes require that the borrower(s) be notified regarding the proceedings and generally involve giving public notice.
She is well versed in various loan modification options, forbearance agreements, deeds in lieu of foreclosure, and timeshare mortgage and assessment foreclosures. Financing a foreclosure purchase can be complex and might require the use of non-standard loan products. Homes in the auction stage of foreclosure are particularly attractive to seasoned investors because they often present the best opportunity to acquire property at a significant discount. Mnuchin, who is also a Hollywood movie producer , earned the nickname foreclosure king ” after he purchased distressed mortgages during the financial crisis and evicted thousands of homeowners.
Questions on Foreclosure Sales can be directed to the Sheriff’s Civil Division Monday thru Friday 8-5 p.m. (913)715-5250.Disclaimer: Laws in Kansas may change and there may be times when information on this web site may not be current. Even better, they are highly motivated, meaning you can get a great deal by helping them prevent a foreclosure. There are several stages during which the homeowner has an opportunity to bring the loan current and avoid foreclosure.