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Updated almost 7 years ago,

User Stats

38
Posts
5
Votes
Paul K. McCoy
  • Matewan, WV
5
Votes |
38
Posts

Courthouse sale has gone wrong, possibly !?

Paul K. McCoy
  • Matewan, WV
Posted
Hello to all BP members! So... I have been following a home for quite some time on Auction.com that was due to be auctioned off at the court house. I showed up for the auction with my check book ready to buy. I waited as the Commisioner announced all listings that were postponed before he began the auction. Soon after he finished, the property I was interested in was announced and the bidding started. US Bank placed the first bid. I placed my bid and was awarded the property and met with the banker and Commisioner after the sale. I wrote a check for the full amount and was handed the deed 15 minutes later. It seemed almost too good to be true. Soon after, I stopped by my attorney's office and had the deed search done and from there drove straight to my insurance agent. I thought I had everything covered. I then contacted the owner a couple days after I got the insurance finalized and she informed me that the bank let her make a payment the final day of auction. Commisioner doesn't seem to know a lot about what's going on. I called the bank and they can't give me any info because of privacy but they did tell me it wasn't showing as an REO property. This is almost comical to me at this point! Can someone give some insight on this or ever experienced anything like it? Can anything be done? All the very best, Paul

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