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Bid4Assets has also pioneered internet-based tax defaulted property sales in Idaho, Nevada, Virginia and Missouri. In 2015, as part of a San Francisco tax sale, Bid4Assets auctioned a private cul-de-sac in one of the most exclusive neighborhoods of San Francisco. Tina Lam and Michael Cheng purchased the property for $90,000.
In real estate, foreclosure is the termination of the equity of redemption of a mortgagor or the grantee in the property covered by the mortgage. Depending on the type of foreclosure proceeding, the sale may be administered by the courts (judicial foreclosure) or by an appointed trustee (statutory foreclosure). Proceeds from the sale are used ...
The Missouri Department of Conservation (MDC) administers hundreds of parcels of land in all counties of the state. Most areas are owned by the department; some are leased by the department; some areas are managed under contract by the department; and some areas are leased to other entities for management.
This process involves the sale of the property by the mortgage holder without court supervision (as elaborated upon below). This process is generally much faster and cheaper than foreclosure by judicial sale. As in judicial sale, the mortgage holder and other lien holders are respectively first and second claimants to the proceeds from the sale.
The foreclosure sale was ultimately blocked, and Naussany Investments dropped its foreclosure efforts. A self-proclaimed scam artist CNN reached out to the email address listed as the company ...
A foreclosure guarantee is a type of report (e.g. trustees sale guarantee, judicial foreclosure guarantee and litigation guarantee) that is used mainly for foreclosing an encumbrance (or a lien) in a certain property. The title searcher will perform a full coverage search to the property in default and a search for the addresses of the lien ...