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SD Realtor.
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November 30, 2009 at 9:26 PM #488406November 30, 2009 at 10:01 PM #488617
4sranch_buyer
Participantthanks for all the responses!! It turns out that the person we spoke to was just a renter and the owner actually left the country a year ago! The renter refused to give the owners details when we asked. So is there a way to talk to the bank directly and get the home and the trustee sale postponed?
Also, what happens at the auction? when does the home come back to market as REO? is it when no one buys it at the auction?
You guys have been very very helpful and am really glad to be part of this forum! Thanks all again!
November 30, 2009 at 10:01 PM #4890004sranch_buyer
Participantthanks for all the responses!! It turns out that the person we spoke to was just a renter and the owner actually left the country a year ago! The renter refused to give the owners details when we asked. So is there a way to talk to the bank directly and get the home and the trustee sale postponed?
Also, what happens at the auction? when does the home come back to market as REO? is it when no one buys it at the auction?
You guys have been very very helpful and am really glad to be part of this forum! Thanks all again!
November 30, 2009 at 10:01 PM #4893194sranch_buyer
Participantthanks for all the responses!! It turns out that the person we spoke to was just a renter and the owner actually left the country a year ago! The renter refused to give the owners details when we asked. So is there a way to talk to the bank directly and get the home and the trustee sale postponed?
Also, what happens at the auction? when does the home come back to market as REO? is it when no one buys it at the auction?
You guys have been very very helpful and am really glad to be part of this forum! Thanks all again!
November 30, 2009 at 10:01 PM #4884514sranch_buyer
Participantthanks for all the responses!! It turns out that the person we spoke to was just a renter and the owner actually left the country a year ago! The renter refused to give the owners details when we asked. So is there a way to talk to the bank directly and get the home and the trustee sale postponed?
Also, what happens at the auction? when does the home come back to market as REO? is it when no one buys it at the auction?
You guys have been very very helpful and am really glad to be part of this forum! Thanks all again!
November 30, 2009 at 10:01 PM #4890884sranch_buyer
Participantthanks for all the responses!! It turns out that the person we spoke to was just a renter and the owner actually left the country a year ago! The renter refused to give the owners details when we asked. So is there a way to talk to the bank directly and get the home and the trustee sale postponed?
Also, what happens at the auction? when does the home come back to market as REO? is it when no one buys it at the auction?
You guys have been very very helpful and am really glad to be part of this forum! Thanks all again!
November 30, 2009 at 10:25 PM #488632SD Realtor
ParticipantThe home goes to auction at a trustee sale. More then likely it will either be downtown or El Cajon but if you see the Notice of Trustee Sale then it will be stated. At the trustee sale the home will be available to be purchased by the public for cash. The opening bid will most likely be less then what the default amount is however it probably will not be known until the night before or the morning of the trustee sale.
If nobody purchases the home at auction then it will go back to the beneficiary, (the lender). How long it takes to go back to the market depends on many things. Since there are renters in the home then that will lengthen the process. If the renters are smart they can occupy the home for awhile before they are evicted. The lender will dispose of the home by hiring a disposition company. That company will have an asset manager who will hire a brokerage to list and sell the home. More then likely that brokerage will work on getting the tenants out and then doing whatever needs to be done to get the house on the market. It could take a few weeks, it could take a few months.
November 30, 2009 at 10:25 PM #489334SD Realtor
ParticipantThe home goes to auction at a trustee sale. More then likely it will either be downtown or El Cajon but if you see the Notice of Trustee Sale then it will be stated. At the trustee sale the home will be available to be purchased by the public for cash. The opening bid will most likely be less then what the default amount is however it probably will not be known until the night before or the morning of the trustee sale.
If nobody purchases the home at auction then it will go back to the beneficiary, (the lender). How long it takes to go back to the market depends on many things. Since there are renters in the home then that will lengthen the process. If the renters are smart they can occupy the home for awhile before they are evicted. The lender will dispose of the home by hiring a disposition company. That company will have an asset manager who will hire a brokerage to list and sell the home. More then likely that brokerage will work on getting the tenants out and then doing whatever needs to be done to get the house on the market. It could take a few weeks, it could take a few months.
November 30, 2009 at 10:25 PM #489015SD Realtor
ParticipantThe home goes to auction at a trustee sale. More then likely it will either be downtown or El Cajon but if you see the Notice of Trustee Sale then it will be stated. At the trustee sale the home will be available to be purchased by the public for cash. The opening bid will most likely be less then what the default amount is however it probably will not be known until the night before or the morning of the trustee sale.
If nobody purchases the home at auction then it will go back to the beneficiary, (the lender). How long it takes to go back to the market depends on many things. Since there are renters in the home then that will lengthen the process. If the renters are smart they can occupy the home for awhile before they are evicted. The lender will dispose of the home by hiring a disposition company. That company will have an asset manager who will hire a brokerage to list and sell the home. More then likely that brokerage will work on getting the tenants out and then doing whatever needs to be done to get the house on the market. It could take a few weeks, it could take a few months.
November 30, 2009 at 10:25 PM #489103SD Realtor
ParticipantThe home goes to auction at a trustee sale. More then likely it will either be downtown or El Cajon but if you see the Notice of Trustee Sale then it will be stated. At the trustee sale the home will be available to be purchased by the public for cash. The opening bid will most likely be less then what the default amount is however it probably will not be known until the night before or the morning of the trustee sale.
If nobody purchases the home at auction then it will go back to the beneficiary, (the lender). How long it takes to go back to the market depends on many things. Since there are renters in the home then that will lengthen the process. If the renters are smart they can occupy the home for awhile before they are evicted. The lender will dispose of the home by hiring a disposition company. That company will have an asset manager who will hire a brokerage to list and sell the home. More then likely that brokerage will work on getting the tenants out and then doing whatever needs to be done to get the house on the market. It could take a few weeks, it could take a few months.
November 30, 2009 at 10:25 PM #488466SD Realtor
ParticipantThe home goes to auction at a trustee sale. More then likely it will either be downtown or El Cajon but if you see the Notice of Trustee Sale then it will be stated. At the trustee sale the home will be available to be purchased by the public for cash. The opening bid will most likely be less then what the default amount is however it probably will not be known until the night before or the morning of the trustee sale.
If nobody purchases the home at auction then it will go back to the beneficiary, (the lender). How long it takes to go back to the market depends on many things. Since there are renters in the home then that will lengthen the process. If the renters are smart they can occupy the home for awhile before they are evicted. The lender will dispose of the home by hiring a disposition company. That company will have an asset manager who will hire a brokerage to list and sell the home. More then likely that brokerage will work on getting the tenants out and then doing whatever needs to be done to get the house on the market. It could take a few weeks, it could take a few months.
November 30, 2009 at 11:09 PM #488672urbanrealtor
ParticipantPost the address (or email it) and I’ll send you the current trustee auction date (it changes often) and the address of record for the owner.
Urbanrealtor at gmail dot com
November 30, 2009 at 11:09 PM #489374urbanrealtor
ParticipantPost the address (or email it) and I’ll send you the current trustee auction date (it changes often) and the address of record for the owner.
Urbanrealtor at gmail dot com
November 30, 2009 at 11:09 PM #489143urbanrealtor
ParticipantPost the address (or email it) and I’ll send you the current trustee auction date (it changes often) and the address of record for the owner.
Urbanrealtor at gmail dot com
November 30, 2009 at 11:09 PM #489055urbanrealtor
ParticipantPost the address (or email it) and I’ll send you the current trustee auction date (it changes often) and the address of record for the owner.
Urbanrealtor at gmail dot com
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