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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] advise needed, purchase of bank forclosure Posted by JoeZ on September 09, 2003 at 12:27 AM I would appreciate some advise on this. house and 1 acre do to be actioned by bank assigned attorney in two weeks. Outstanding is 65k mortgage, town taxes are payed into next month. I have never done this before, they require 30k certfied check for biding privilage. The owner is still in the house and the winning bid is responsible to remove him. I will not be able to look at the house inside condition do to the above. however, the property alone is worth around 90K. Questions: should I wait for the auction and how can I prepare myself / can I approach the bank before the action / can or should I approach the owner or his lawyer before the auction. What is the best route, please. THANKS Follow Ups: I'd Advise Not Rushing Into Things SeanW 1:51 PM, 09/09/03 (2) Not Rushing Into Things JoeZ 2:06 PM, 09/09/03 (1) It was settled before it went to auction JoeZ 9:21 AM, 09/11/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I would appreciate some advise on this. : house and 1 acre do to be actioned by bank assigned attorney in two weeks. Outstanding is 65k mortgage, town taxes are payed into next month. : I have never done this before, they require 30k certfied check for biding privilage. The owner is still in the house and the winning bid is responsible to remove him. I will not be able to look at the house inside condition do to the above. however, the property alone is worth around 90K. : Questions: should I wait for the auction and how can I prepare myself / can I approach the bank before the action / can or should I approach the owner or his lawyer before the auction. : What is the best route, please. THANKS Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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