Foreclosures Help Information

Posts Tagged ‘alabama’

Buying Foreclosed Property At Auction

Question: When purchasing foreclosed properties who is responsible for eviction processes?

I'm trying to learn as much as I can about foreclosures and there is a few questions I cant seem to get answered. 1. If I buy a "mortgage" at an auction and the redemption period is 6 months, will the house be occupied until those 6 months are up and I notify the occupants that they have to leave? 2. what if during those 6 months the occupants file for bankruptcy what happens to the mortgage I bought at the auction? Thanks for the help

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Answer: The buyer. You may need to work with the county sheriff. It's a mess and not something for the casual investor.

Buying & Renting Real Estate : How to Buy a Foreclosed Home at Auction

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