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Old 02-24-2009, 02:44 PM
 
18 posts, read 50,921 times
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Hi, we made an offer on a short sale in 11/08, and they just told us that they will not accept. The sellers have 8 seperate lots, one has the house, a different one has the well on it. We put in an offer on those two only. Suntrust will not seperate these two lots from the loan, so we are withdrawling. When/if it gets foreclosed on, how can we find out when the auction will be? it is in Franklin County, VA and I can't find info on their real estate auctions anywhere! Also, they had stopped the foreclosure process b/c of our offer...how long will it take for the foreclosure to take place now that we are withdrawing?

Thanks for any insight/answers in advance...WE REALLY WANT THIS HOUSE!!!
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Old 02-24-2009, 03:38 PM
 
27,055 posts, read 44,102,905 times
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You should check the public records. In Florida some Counties have them online open for the public and some other States do the same, but I have no clue about your State. You can call the court house and ask them how to proceed. Maybe you have to go and check on a daily or weekly base at the court house to see which properties will be auctioned.

Good Luck.
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Old 04-02-2009, 07:10 PM
 
Location: Youngstown, OH
182 posts, read 514,152 times
Reputation: 88
The sheriffs departments usually conduct the sales so call your local sheriffs department and ask to speak with whomever handles the public auctions.

Good luck and be sure to follow up with how your story ends!
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Old 04-02-2009, 07:38 PM
 
Location: Martinsville, NJ
6,165 posts, read 12,309,792 times
Reputation: 3983
Quote:
Originally Posted by jcinva View Post
Hi, we made an offer on a short sale in 11/08, and they just told us that they will not accept. The sellers have 8 seperate lots, one has the house, a different one has the well on it. We put in an offer on those two only. Suntrust will not seperate these two lots from the loan, so we are withdrawling. When/if it gets foreclosed on, how can we find out when the auction will be? it is in Franklin County, VA and I can't find info on their real estate auctions anywhere! Also, they had stopped the foreclosure process b/c of our offer...how long will it take for the foreclosure to take place now that we are withdrawing?

Thanks for any insight/answers in advance...WE REALLY WANT THIS HOUSE!!!
I'm in NJ, so I obnly have a cursory understanding of the process in VA. If you can find someone local with more info, you should. But here's a start.
Virginia uses both Judicial and Non judicial processes to foreclose on preoperties. The more common method is non judicial, but you will need to somehow find out what this particular lender is fgoing to do with this particular property. Here's a link to RealtyTrac's explanation of the process in VA.

Good Luck.

Last edited by Bill Keegan; 04-02-2009 at 07:38 PM.. Reason: typo
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