Find Foreclosure Auctions
October 31st, 2009
Find Foreclosure Auctions
Question: Process to remove personal property from land obtained at a foreclosure auction?
I recently obtained some land at a foreclosure auction. There is personal property on the land such as two old cars, boat, etc. What is the legal process required to remove the personal property?
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Answer: We bought a piece of property in 2006, the previous owner abandoned a 66 Jag, 71 Mercedes, a 72 Porsche and a kit car - we were unable to contact him after many attempts with certified letters asking him to remove the items. It was in our contract that they were supposed to be removed at the close of escrow but it wasn't done. My husband was fed up so was I, I had an estimate of having them towed away at $250 per vehicle, so my huband listed them on ebay and we sold them all for $15,000 to a guy in Florida.. He was aware of the situation, that we didn't have the titles and he bought them regardless..
Foreclosure Auction: Is It Always a Good Deal?
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