Ok, I know I talked about this in another thread but basically this is a new question concerning HUD Foreclosures.

In 14SP672, auction.com was an AGENT for the trustee and held the sale as a trustee sale under NC foreclosure process.

The devil is in the details. if it is a tax  foreclosure auction the prior agreements are likely wiped out.

Appreciate foreclosures in the US are also now at lower levels not seen since 2006 … so not sure how he can necessarily secure a property “below market”.Thanks !

Hi All,I have found a VA foreclosure in my area that is a great deal.

Right now I'm doing the cat and mouse dance with her, hoping that after a few days of not discussing it and not "hounding" her to sell, she'll see that getting something is better than getting nothing, which is highly possible if she doesn't make a decision because it's almost 2 years so the foreclosure is going to begin any day now. . .

The mortgage has to paid per the terms of the note regardless whose name it's in, or risk foreclosure.  

If you do not know howto do a title search on your own then you must learn how.If you have to foreclose there are certain liens that do not go away with foreclosure, each State is different.I had a situation where a note was for sale and the home owner received medicade payment and went into a nursing home.

I suppose it's due to the higher risk of default, more due diligence necessary, and foreclosure litigation falling entirely on the shoulders of the HELOC lender.

I may be able to help if you need a creditors BK attorney, eviction attorney, foreclosure trustee, mortgage attorney, trust attorney, syndication attorney, asset protection attorney, tax attorney, construction attorney, land use attorney.