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Kjesse · 11-05-2010, 11:23 PM

Can you say how the list you receive is generated? For example, does it include the properties that are only posted for sale at the court house (i.e. no MLS)?

I've always wondered why, when I hear of great deals while sitting in chambers (based upon even forced sale for cash appraisals where the appraiser was hired by the lender) there are often no bids.

I think what happens is the purchasers will not bid higher than the mortgage amount owing, so the lender just takes title and unloads it in a "non-foreclosure" sale.

11-05-2010, 11:23 PM	#2
Kjesse Retired Join Date: Oct 2003 Exp:	Can you say how the list you receive is generated? For example, does it include the properties that are only posted for sale at the court house (i.e. no MLS)? I've always wondered why, when I hear of great deals while sitting in chambers (based upon even forced sale for cash appraisals where the appraiser was hired by the lender) there are often no bids. I think what happens is the purchasers will not bid higher than the mortgage amount owing, so the lender just takes title and unloads it in a "non-foreclosure" sale. Last edited by Kjesse; 11-05-2010 at 11:28 PM.