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+--- Thread: Foreclosure Inquiry (/showthread.php?tid=1329)
Foreclosure Inquiry - mettaben - 08-23-2007
I know there are some real estate experts reading this forum. My question is: how can I figure out if a particular property is being foreclosed (probably for reason of lack of payment of mortgage)? Is there a county office I need to visit?
Thanks,
Benjamin
RE: Foreclosure Inquiry - John S. Rabi - 08-23-2007
All foreclosure notices are published in the newspaper, just read the classifieds every day. The County has nothing to do with the foreclosures unless it's a tax sale (for not paying the property tax.)
Aloha,
John S. Rabi, ABR,CM,CRB,FHS,RB
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"
RE: Foreclosure Inquiry - Brad W - 08-23-2007
John, just want to extend thanks for your willingness to provide the valuable resource that you do. It's appreciated.
RE: Foreclosure Inquiry - ericlp - 08-23-2007
there are tons of websites that state how many properties are in forclosure process...
I guess bank owned or distress property is better to get because the owner doesn't have time to wait for a good offer and will accept a lower offer just to dump it to get out of the loan...
I am normally don't like to take advantage of peoples mishaps but... When you find a property in forclosure ... how does one take advantage of it? Is it worth the time to search them out? Is this more for investors?
Thanks for any replies as I am just curious more then anything.
RE: Foreclosure Inquiry - Noel M2 - 08-24-2007
Each situation is different so before jumping into it, do a lot of research. There is a lot of information in websites. Some even specialize in compiling and sharing information on properties that are in various phases of the foreclosure process, including the loan default phase. An example is Realtytrac.com.
Noel
RE: Foreclosure Inquiry - mettaben - 08-24-2007
The thing is, I am interested in one particular property, not foreclosures in general. I don't know what bank owns the loan. I do know the property was bought during the peak, with a 100% loan, and now it sits abandoned, beautiful fruit just rotting. I would think the bank would have to go thru the gov't in order to foreclose. Are these foreclosure classified online?
Thanks,
Benjamin
RE: Foreclosure Inquiry - Noel M2 - 08-24-2007
I believe you can request the information through a 3rd party like an escrow company. A title search can help identify relevant lien info.
Perhaps our RE experts can address this for you.
Noel
RE: Foreclosure Inquiry - waynesb - 08-24-2007
You can go to the County's website to find the TMK number, and with that get the owner's name & address. I don't know how to find the lien information, but that must be available somewhere.
http://www.hawaii-county.com/real_property_tax/rpt_main.htm
RE: Foreclosure Inquiry - John S. Rabi - 08-24-2007
quote:
You can go to the County's website to find the TMK number, and with that get the owner's name & address. I don't know how to find the lien information, but that must be available somewhere.
http://www.hawaii-county.com/real_property_tax/rpt_main.htm
The owners addresses are no longer provided by the County of Hawaii, that access was removed from the web site last year. However, it's available to the paying subscribers of MLS, so you might want to talk to your real estate agent.
Assuming that the mortgage is recorded, a preliminary title search would include the information on the lender.
Aloha,
John S. Rabi, ABR,CM,CRB,FHS,RB
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"
RE: Foreclosure Inquiry - emorata - 08-24-2007
That would be a tax foreclosure where the owner has a right of redemption for a year, not sure about hawaii but i'm thinking so.
Bank foreclosures transfer complete title to the highest bidder and there is no right or redemption period.
I'm wondering if there are any good deals happening nowadays at the courthouse steps...any input?