Kokomo Foreclosures September Sheriff Sale
By
Howard County Sheriff’s Sale
The next Howard County Sheriff’s Sale of properties in foreclosure is scheduled for September 23. This month there are 58 properties slated for the sale. And as usual, when the list is posted there are already some properties scratched from the list. There will probably be several more 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, last month there were 77 properties on the list. By sale date, almost half of them were taken off the sale.
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 is a lot of good information there. It advises you that:
- There are no guarantees!
- There are no inspections!
- These are cash sales!
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:
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 you just might want to attend our FREE Educational Foreclosure Tour of Kokomo area foreclosured properties.
Related posts:
