Want completely free access to foreclosure listings nationwide? Try ForeclosurePoint.com. This site has various levels of membership ranging in cost, but the basic level gives you unlimited FREE access to foreclosure listings nationwide including:
- Full property street addresses
- Property details including maps and birdseye satellite imagery
- Your own Saved Properties list
- Estimated opening bid amounts
- Estimated market values
I registered for the free service; entered Washoe County, and got 5,226 listings returned. You can also search by zip code. For example 89523 returned 379 properties that are currently in some stage of the foreclosure process.
billddrummer
That’s a great service. But one thing that’s interesting is that some foreclosure actions fall through the cracks.
My house was foreclosed on in July 2007 and auctioned in September. Yet on the Assessor’s website I’m still listed as the owner of record, even though I have copies of the recorded documents showing the property transfer and assumption by the bank.
Should I take the copies to the Assessor so that they can update the record, or just let it pass on?
I was in the mortgage business at exactly the wrong time, and was going through a divorce too, if anyone wonders what happened. I’m now a renter in an old complex near Virginia Lake, and really like not having the responsibility of property ownership right now.
GrayGeekNV
Hello Guy,
What happened to those nice charts from Ticor Title?
Will we be seeing them soon?
Concerned Sister
Hello,
I came across your site when researching a Reynen and Bardis Stagecoach development that someone I know wants to buy into. She lives out of state and doesn’t get the local news. Are there still the same concerns that were mentioned in your previous blogs?
This person has not yet signed a contract, but did put a deposit check down made out to the title company. I’m thinking she should get it back….what do you think?
Thanks
GrayGeekNV
Concerned Sister,
Do your homework here. It was reported earlier that R&B was having some financial issues. Buying into a community with unfinished homes and a builder in trouble could be rather risky.
GreenNV
R&B is functionally, if not technically, bankrupt. I cannot imagine a scenario where they will be able to go ahead with their projects (I’m surprised your friend even managed to find a sales agent to make an offer to).
Get that check back STAT. She owes you one for being a good friend!
Guy Johnson
For everyone who’s been asking about the charts from Ticor Title, I have sent an email asking if the charts are available yet. I will post them as soon as I receive them, Thank you for your interest.
GrayGeekNV
GreenNV,
I visited R&B last weekend and got this reply from the sales agent.
“I have been on vacation and am just getting through my e-mails. I have 1 Butterfield in inventory–it currently has 2 offers on it as of this week.
It will probably be 5-7 days before we know if either offer was accepted.
Please bring your buyers by to see (lot #78) if they are interested. And,
feel free to call me if you have any questions
Thank you,
Jessica
Jessica Bennison
Stephanie Skogseth
The Stagecoach Collection
Reynen & Bardis Communities
(775) 852-4482 (o) / (775) 852-4489 (fax)
stagecoach@rbhome.us
Tom
Concerned Sister,
My two cents worth, for your consideration:
I wouldn’t necessarily advise a family member to just automatically pass on a purchase from any particular developer just because of awareness of financial problems in a general sense — because probably all developers have difficulties to some degree in the current housing marketplace. In my opinion, it would depend upon the particular project, as most developers will generally have created separate entities and structures for each project, sometimes even using separate banks for each. If your family member likes a particular house, and she concludes that she has a sufficient comfort level in the project’s ability to complete, it may be the case that she could determine to proceed with her intended purchase. The particular community development she likes may be a financially stable project. In this economy, any home purchase decision should involve diligent deliberation; that is the only universally applicable rule I would follow.
larrylowball
Ok, guys — I know you’ve given Diane hades for listing her house too high, commented on her decision to follow her husband to the Bay Area, and tossed other assorted sundries to her.
Here is one for you:
Suppose you had an opportunity to match a reverse mortgage–and play the banker–where the bank came in at say $300,000 for a property that zillow values at $445,000, and three local agents, say, at worse would sell for $400,000.
The listing is in Fairfield County, CT–which has experienced about a 10 percent dropoff.
the woman living in the house is 89 years old–and you could assume a $200,000 mortgage–a 5.75 and probably negotiate down with the lender–as well as a home equity line of $30,000–and provide the owner with $60,000 as an annuity or lump sum
thoughts?
Colonel Mustard with the candlestick in the billiard room?
Thanks for any assistance.
Larry