Buying A Home In Foreclosure – Tawnya King

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Overview Properties in foreclosure are those that have one year tax that is three or more years delinquent. By law, the Pierce County Assessor-Treasurer must begin the foreclosure process by filing a Certificate of Delinquency on each of the delinquent.

Buying foreclosed property at a sheriff’s sale is one way to get a great deal on an investment property. There are several rules for this type of sale and understanding them can help you make an educated – and perhaps lucrative – purchase.

You’ll get access to the largest selection of foreclosures, foreclosed homes for sale, MLS listings, auctions and bank-owned homes. RealtyTrac provides robust property information and neighborhood data that will allow you to make better decisions about the home or investment properties you should buy.

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2 Myths Holding Back Home Buyers 2 Myths Holding Back Home Buyers. 0. Posted by Monica Foster On June 10, Whether buying your first home or moving up to your dream home, knowing your options will make the mortgage process easier. Your dream home may already be within your reach.

If you begin to fall behind in your monthly mortgage payments, your lender may have the right to foreclose on your home. Learning what to do and knowing who to contact when facing foreclosure may help you save your home. What is Foreclosure? Foreclosure is the legal process used to seize your property if you fail to keep up your payments.

Look for three types of foreclosed homes: pre-foreclosures, foreclosure auctions and bank-owned properties. Unless you’re an expert in real estate law and transactions, it’s a good idea to consult with an attorney and/or real estate agent familiar with foreclosures.

But my husband and I have always wanted to buy a foreclosure on the courthouse steps and now we finally had the chance. Every county is a little different, but one thing is a constant in all foreclosure auctions: cash is king, as certified funds are required usually within 24 hours of winning the bid and making any initial deposits required. 2.

 · In this video we show you what it is like to attend a foreclosure auction in King county and provide some tips and insights on how the process.