Real Estate of Greater Atlanta

buad0118 asked:


I am going to bid on a house at foreclosure and it has a 1st mortgage of $280K and a second of $70K. The lender on the first two mortgages is Decision One Mortgage. The lender at foreclosure is Countrywide. Does this mean that if I buy this house at foreclosure that I will own additional money to the second mortgage or just the first mortgage and back taxes?

ray_ray asked:


There is a home up for auction in three weeks. How do I go about asking the owners if they would like to sell it to me before it is auctioned off? They owe $97,000
I want to offer $110,000 it will pay off there mortage and put a little money in their pocket. If I were to buy it before foreclosure auction it would look alot better on their credit also. How do I ask these people it is such a sensitive subject, and they are probably going through a very hard time right now.

Wondering asked:


My house in California is currently in foreclosure. I have a 1st and a 2nd mortgage as well as a 3rd, seller note. What happens at the foreclosure auction? What happens if there isn’t enough funds to pay off the leins? What if any steps should I take?