Zillow posts properties as "in foreclosure" that a
Post# of 40989
(Total Views: 401)
Posted On: 02/17/2020 2:31:43 PM
Zillow posts properties as "in foreclosure" that are behind on the mortgage payments by 60 days or more. The property owners can work terms out with their lender and post pone foreclosure altogether, and/or delay a public auction for years in some cases.
I am a Realtor. Doesn't look good. SB could just be a "slow pay", could be having other personal problems, could be a lot of things... we don't know. The auction date is tentative for March 10th. If sold, then there is a 10 day upset period. If the bid is upset, then another 10 days. etc. Most states bend over backwards to protect the home owners. If sold, the public record will reflect it in a week or so.
I personally doubt that Steve would allow this to happen. The property value as shown by Zillow gives it a range of 1.2M to 1.68M. This is his personal business and should stay that way.
I am a Realtor. Doesn't look good. SB could just be a "slow pay", could be having other personal problems, could be a lot of things... we don't know. The auction date is tentative for March 10th. If sold, then there is a 10 day upset period. If the bid is upset, then another 10 days. etc. Most states bend over backwards to protect the home owners. If sold, the public record will reflect it in a week or so.
I personally doubt that Steve would allow this to happen. The property value as shown by Zillow gives it a range of 1.2M to 1.68M. This is his personal business and should stay that way.
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