[vidswaps]

Is there a free website where one could find more info on the so called
sheriff sales(or auctions)in the Las Vegas area?
Like to ones listed on sites like foreclosure.com.
Any help is highly appreciated.

[cedar_bluff_tree_farm]

Do you realize that you have to pay cash to buy a house at a sheriff's auction?

You cannot take a home loan out to purchase a house at a sheriff's sale. You also are buying the house site unseen.

[vidswaps]

"Do you realize that you have to pay cash to buy a house at a sheriff's auction?"

Yes I am aware of that.

"You cannot take a home loan out to purchase a house at a sheriff's sale. You also are buying the house site unseen."

On sites like foreclosure.com they seem to have the address of the houses
that are going to be on the sheriff sale.
So you can visit the properties,and so won't be bidding totally unprepared.

But I was wondering if I could find the same info that is available on sites
like foreclosure.com on local site for free.

Thanks.

[cedar_bluff_tree_farm]

Sure, you can drive by and look at the house from the street if you like. But you don't know the condition on the interior of the house at the time of the sale, because you'll be at the courthouse and won't know if any damage has occured.

The condition of the title is also unknown. For example, if the owners file bankruptcy in the hours leading up the sale, the court will not allow the transfer of the title until a judge releases the house. However, the auctioneer won't know this and you'll send your money to the bank and then find out that your title is not clear.

You have no opportunity to inspect the house prior to the sale.

You don't know the condition of the title to know if it is clear or if there are other strings attached to it. (You can try to pay for a title search, but you don't have an opportunity to clear up defects in the title.)

Also, the bank who has the loan on the house will be one of the bidders at the auction and they will bid up to the full amount of the loan. If the homeowner is underwater, it's very often the bank is willing to pay more at auction than the home is worth.

To answer your question, the easiest way of finding out about sherrif's sales is to find the websites of the companies that do the foreclosure on behalf of the banks and look at the lists there. I have forgotton the names of the companies unfortunately.

[vidswaps]

Thanks for all the info.
If you remember the name of the sites,please post it.
Again thanks for all the info.
I thought this was a buyer's market,and that good houses could
be picked up easy out there,especially in Las Vegas.
But every decent looking house out there is either in pending or contigency.
This Las Vegas foreclosure- aka buyer's market is looking more like a scam
to me.
Just my opinion.

[ocean2026]

It is a buyer's market and inspecting a house the day or two before the sale lowers the risk it will be broken into on sale day. I don't know Nevada law but if one got inside one of these houses and demonstrated that they were bidding on it at the auction it would NOT be criminal trespass as there was no intent to steal etc. There would still be a minor offense like a traffic ticket.

Anyway I wish I knew the site because that's what you asked for.

[olecapt]

Originally Posted by cedar_bluff_tree_farm

Sure, you can drive by and look at the house from the street if you like. But you don't know the condition on the interior of the house at the time of the sale, because you'll be at the courthouse and won't know if any damage has occured.

The condition of the title is also unknown. For example, if the owners file bankruptcy in the hours leading up the sale, the court will not allow the transfer of the title until a judge releases the house. However, the auctioneer won't know this and you'll send your money to the bank and then find out that your title is not clear.

You have no opportunity to inspect the house prior to the sale.

You don't know the condition of the title to know if it is clear or if there are other strings attached to it. (You can try to pay for a title search, but you don't have an opportunity to clear up defects in the title.)

Also, the bank who has the loan on the house will be one of the bidders at the auction and they will bid up to the full amount of the loan. If the homeowner is underwater, it's very often the bank is willing to pay more at auction than the home is worth.

To answer your question, the easiest way of finding out about sherrif's sales is to find the websites of the companies that do the foreclosure on behalf of the banks and look at the lists there. I have forgotton the names of the companies unfortunately.

As a practical matter there are virtually no trustee sales that end up in other than the normal hands. Maybe two or three a month...if that many. It does happen but it is very rare and may even be the cases where a private citizen held the mortgage.

REOs has been a contact sport for some months. And REOs are not a buyers market. Not sure exactly what you call it but you don't have a buyers market with under a month of inventory.

The only thing that is still a buyers market is the non-distressed properties and they still cost $20 per SF more than the REOs. Lots of selection though.

[cedar_bluff_tree_farm]

Originally Posted by ocean2026

I don't know Nevada law but if one got inside one of these houses and demonstrated that they were bidding on it at the auction it would NOT be criminal trespass as there was no intent to steal etc. There would still be a minor offense like a traffic ticket.

Um, breaking into a house I own (I own it regardless of whether I am behind on my mortgage and it's close to auction) is a good reason for me to shoot you on site, no questions asked. Sorry, but I don't appreciate people breaking into my home just because I am behind on my mortgage.

Please, don't go breaking into people's homes, even if they are getting close to sold on the auction block.

[cedar_bluff_tree_farm]

Originally Posted by ocean2026

I don't know Nevada law but if one got inside one of these houses and demonstrated that they were bidding on it at the auction it would NOT be criminal trespass as there was no intent to steal etc. There would still be a minor offense like a traffic ticket.

Um, breaking into a house I own (I own it regardless of whether I am behind on my mortgage and it's close to auction) is a good reason for me to shoot you on site, no questions asked. Sorry, but I don't appreciate people breaking into my home just because I am behind on my mortgage.

Please, don't go breaking into people's homes, even if they are getting close to sold on the auction block.

[ocean2026]

ceder point this was worth posting twice or don't you know how to use your computer?

In the states I've been into umm by the time the bldg is on the foreclosure list the occupants have long gone. Behind a few months in payments? LOL I dont think so in texas its years before you go to government foreclosure.

You are probably thinking about bank or lender foreclosures- Ok so you can't use your computer and you didn't read the TITLE of the thread.

psst -save the money you spend on guns and internet and just make your payments on time. What a novel idea?