the bank becomes the owner of the home, now classified as real estate owned, or REO, property. The bank can hire an auction house and put the property up for auction again, and online bids may be accepted. You can inspect the property before the auction to help set your bid limit. Yo...
The Impact of Recognized Features of Uncomfortable Houses on Auction Prices: A Chinese Cultural Perspective Secondly, it seeks to explore the impact of negative Feng-shui features on investors in the foreclosed house market. Lastly, the study aims to assess ... CT Kuo,YH Yuan,WZ Gao,... -...
the bank becomes the owner of the home, now classified as real estate owned, or REO, property. The bank can hire an auction house and put the property up for auction again, and online bids may be accepted. You can inspect the property before the auction to help set your bid limit. Yo...
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments by forcing the sale of the home. The house is then sold to the highest bidder to pay off the loan, usually at a public auction. Sometimes, the len...
Since no one from the bank has ever lived in the house, they are unlikely to have any knowledge of existing problems with the property. You will have to uncover everything yourself during the home inspection, by asking neighbors, or through experience after you become the homeowner. ...
Inspections are conducted by licensed home inspectors who evaluate the overall condition of the property. They will carefully assess the structural integrity, electrical systems, plumbing, HVAC systems, and other components of the house. The inspection report will highlight any defects, safety issues,...
Auction properties often have delinquencies such as back taxes andliensattached to them. The liens may be imposed by the Internal Revenue Service (IRS), the state, or other creditors. This can add further costs to an otherwise desirable house. ...