Lake Winni List of Forclosures??

[jkjoshuatree]

Does anyone know if such a list exists? I called Century 21 and they said they weren't aware of any such list.

Thanks in advance.

Jk

[kjbathe]

Our broker was able to find them. I don't know if she was just thorough (she is), or if they came from a subscription or publication, but they are out there in some form. Perhaps JustSold can shed some more light...

[Gatto Nero]

Subscribe to the newsletter at the following site. http://www.jsjauctions.com/ That will at least get you theirs and I'm sure there are others.

[Just Sold]

Realtors typically subscribe to a publication that details all document recordings: deeds, forclosures, liens and a few other categories from each counties Registry of Deeds. It is a public information and published weekly by county and town. It is not a cheap publication either. I know I read it every week.

Anyone can read about any forclosure in local papers where the property is located. The Union Leader has almost all the forclosures listed in the State in their pages. They also provide access on line to this information.

It is state law that all forclosures be published 3 times prior to the actual forclosure date. References must be included including the Deed Book and Page as recorded in the appropriate Registry of Deeds.

[tis]

I also get the Registry, Just Sold. As I recall it is more than a hundred dollars a year. It does not have foreclosures on JUST the lake though. You would have to "weed through" to find out if a property is on the lake.

[Just Sold]

tis

You are correct that there is no specific source for foreclosures of waterfront property. The publications do have the property address and the rest is up to the individual to research for themselves.

Having been to foreclosure auctions I know that the potential buyer has a lot of homework to do so they can have the best knowledge they can about they property. All sales are "Buyer Beware" as banks offer no warranties whatsoever. Any buyer had better know if there are other mortgages, leins or back taxes involed plus many other things that can make what looks like a good deal a bad one. I went to one where there was $30K+ in back property taxes owed and the bank does not pay those the buyer does.

I just had a long discussion of what you need to do with one of my nephews and he decided it is too risky for him.

BTW it is estimated that a motgage companies cost is $50,000 +/- to foreclose on a property.

[Lakesrider]

Call the local banks. I got a list from several banks a few years ago, before the bubble started to deflate. It is how I got my house.....

[jkjoshuatree]

Thanks to all that answered my question. I signed up at JSJ Auctions and found two other websites.

I'm so ignorant when it comes to forclosures. Does anyone know if there is a "Dummie" book on the subject.

I don't mind doing my homework on the subject (afterall, it could be a very big investment) and I appreciate "JUST SOLD" for letting me know about all the "hidden" costs that someone like me wouldn't know about.

And calling the local banks is a great idea.

Once again, all my peeps at Winni.Com have come through!!

I'll have you all over for a cocktail party when I have my new home-that's a promise.

Jk