sweetpeasmom
Pearl Clutcher
Posts: 2,592
Jun 27, 2014 14:04:01 GMT
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Post by sweetpeasmom on May 5, 2015 0:59:23 GMT
Is there a way to find out how much an investment company paid for a foreclosure property if it is not listed on the tax records or in the sale history of the property? I know the name of the investment company that owns it but there is not price listed for the sale.
**UPDATE** Just called the courts. This mortgage was sold from the bank to the investment company and then the investment company allowed the owners to sign the deed in lieu of foreclosure over to them. So there was no sale on it. Why they list it as a foreclosure on the tax records is beyond me.
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Post by Eddie-n-Harley on May 5, 2015 1:12:34 GMT
I don't know this for sure because I've never tried to look it up. But my best guesses are:
You could try looking up the court proceedings where the confirmation of sale occurred. Although the purchase price might not be in online entries, you should be allowed to view the court file if you can get to the court house.
I also think it should be recorded with the register of deeds when the title changed hands, but I've never paid enough attention to know if the purchase price was listed. I think it is, though.
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Post by cmpeter on May 5, 2015 1:30:47 GMT
Is the sales price on zillow?
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sweetpeasmom
Pearl Clutcher
Posts: 2,592
Jun 27, 2014 14:04:01 GMT
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Post by sweetpeasmom on May 5, 2015 1:55:17 GMT
Thanks. I would have thought that if it was recorded with the register, then it would be listed on the tax records. Maybe they left it off. I'll try calling tomorrow.
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basketdiva
Pearl Clutcher
Posts: 3,619
Jun 26, 2014 11:45:09 GMT
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Post by basketdiva on May 5, 2015 2:18:54 GMT
Sometimes it takes a few months for the change of ownership info to appear on the tax rolls.
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Post by Darcy Collins on May 5, 2015 2:46:03 GMT
If the property actually went through foreclosure, it's public record. Many counties have their foreclosure process online, so you'll have to check with the individual county. You might try the county's website for a public trustee - that's how many counties are structured. It will have all of the foreclosure documents including if it went to auction and the auction price.
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Post by originalvanillabean on May 5, 2015 2:48:52 GMT
Check the county online records.
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sweetpeasmom
Pearl Clutcher
Posts: 2,592
Jun 27, 2014 14:04:01 GMT
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Post by sweetpeasmom on May 5, 2015 13:29:55 GMT
The tax records show who bought the foreclosure (it's an investment company, not a bank). But it has $0 as the sale price. It's not on Zillow or Realtor.com. My agent even pulled another report and under the date recorded (the foreclosure sale) has nothing listed. We can see what the sale price was 4 years ago but not the most recent sale.
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keithurbanlovinpea
Pearl Clutcher
Flowing with the go...
Posts: 4,271
Jun 29, 2014 3:29:30 GMT
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Post by keithurbanlovinpea on May 5, 2015 13:49:31 GMT
Is there a way to find out how much an investment company paid for a foreclosure property if it is not listed on the tax records or in the sale history of the property? I know the name of the investment company that owns it but there is not price listed for the sale. **UPDATE** Just called the courts. This mortgage was sold from the bank to the investment company and then the investment company allowed the owners to sign the deed in lieu of foreclosure over to them. So there was no sale on it. Why they list it as a foreclosure on the tax records is beyond me. The tax records may be picking up the last know status of the property itself (notice of lis pendens for example) and/or that the foreclosure was the reasons for sale of the note itself and the subsequent transfer of the property ownership. Is this a house? The original owner must have owed a crazy amount of money compared to the value (or it was a contested foreclosure) for the bank to have sold the note.
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sweetpeasmom
Pearl Clutcher
Posts: 2,592
Jun 27, 2014 14:04:01 GMT
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Post by sweetpeasmom on May 5, 2015 13:57:42 GMT
It is a house. It was the sales center of the subdivision and was sold in 2011. We can see the mortgage amount. It wasn't a crazy large mortgage for the area. It was about average. In all honesty, it's priced right for the comps. But for some reason it has sat on the market for almost 6 months.
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keithurbanlovinpea
Pearl Clutcher
Flowing with the go...
Posts: 4,271
Jun 29, 2014 3:29:30 GMT
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Post by keithurbanlovinpea on May 5, 2015 14:08:04 GMT
Maybe the owner had IRS judgments or a big 2nd mortgage? Interesting.
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