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Updated over 2 years ago, 06/30/2022

User Stats

137
Posts
36
Votes
Bernard Chouinard
  • Leicester, MA
36
Votes |
137
Posts

Seller House on Auction.com without them knowing?

Bernard Chouinard
  • Leicester, MA
Posted

Hi all - So a seller has a house showing up on Auction.com for an in-person auction. The house is not foreclosed on yet. How can Auction.com auction a house that is not bank owned? The seller claims they got no notification either. Is there something they can do to delay?  Any creative ideas for an acquisition here that would also allow them to stay but the owner ship is changed over, would that just be too riskey? 

User Stats

16,999
Posts
14,532
Votes
Chris Seveney
Lender
Pro Member
  • Investor
  • Virginia
14,532
Votes |
16,999
Posts
Chris Seveney
Lender
Pro Member
  • Investor
  • Virginia
ModeratorReplied

@Bernard Chouinard

Sounds like they are marketing it for the upcoming auction

Borrower can do 2 things

1. Pay the reinstatement

2. File bankruptcy

Those are pretty much their remaining options

  • Chris Seveney
business profile image
7e investments
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