Price After Its Sold?
Is there any way to track the outcome of an auction?
I'm just curious, I have a site that I am testing for the accuracy of their information. I've noticed a couple things of interest, such as 2 seperate foreclosures for the same property. Wouldn't the first one (highest priority) cancel out the second? [ Edited by who_me on Date 03/02/2004 ]
You will find all kinds of stuff in foreclosures. The second lien holder can foreclose and then plan to pay off the first or reinstate and then decide it is not wort it or not get the money that he planned on, Anything can happen. Sometimes too the first lien holder will foreclose twice because they forgot some technical detail or erred. It can get complicated. As far as tracking the sales there is a service here in Austin that does just that and will report the buyer and the sales price etc. Most trustees deeds include the bid amount in the deed and you may be able to track that way too. Takes a few days to get recorder and even longer to show up on line. I am not sure how long the process is. A few phones calls and you can find out the how and when where you live
Good LUCK and Thank You
Hope this helps some
Ted Jr
You can find out the result of an auction by checking the info at the recorder's office or by making friends with the trustee and asking him.
The first only cancels the second if it forecloses before the second. If a second forecloses before the first, and does not bring the first current, then the first will foreclose as well. The foreclosure proceedings can be nearly simultaneous.