Kokomo Foreclosures Sheriff Sale August 2009
By
Howard County Sheriff’s Sale
The next Howard County Sheriff’s Sale of properties in foreclosure is scheduled for August 19. This month there are 77 properties slated for the sale. Usually, when the list is posted there are already some properties scratched from the list. Not this time! There will probably be several properties removed from the list between now and the date of the Sheriff’s Sale; so be sure to check the list before you go to the sale. And be warned – some properties are removed from the sale just minutes before it starts.
If you’ve been following the Sheriff Sales, you know that many properties are removed. In fact, back in January the sale list had 65 properties listed. By sale date, there were only twenty-three properties on the list. Since I didn’t go to the Sheriff’s Sale, I don’t know how many houses were actually in the auction.
There are several possible reasons why a property may be removed from the sale:
-
Some homes are listed for sale and the seller gets an offer. The house either sells before the auction or the owner gets the lender to postpone the auction to allow the house to close.
- The owner may have brought the loan up-to-date or worked out a loan modification with the lender .
- The owner may have filed bankruptcy, which stops the foreclosure process.
- The lender didn’t follow correct foreclosure procedures and the owner has the process stopped.
- Etc, etc, etc.
Before you go to the sale and decide to bid on a house, be sure to read the Sheriff Sale Information page. There are no guarantees! There are no inspections! When you buy a house at a Sheriff’s Sale, you get what you get! Warts and all!
For more information about the foreclosure process and how you can get the “upper-hand” in buying a foreclosure property, you might want to read my posting from October 2007:
Get the “Upper-Hand” in Buying a Foreclosure Home In Kokomo
To get the “upper-hand” when buying a home in Kokomo and the surrounding areas? Just give me a call at 765-513-0354 or send me an email.
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