Adams and Edens provides on-line access to information about foreclosure sales scheduled. Information provided includes the property address, date of deed of trust, book and page of the deed of trust, County and Sale date.IF YOU ARE A PROSPECTIVE PURCHASER OF PROPERTY IN FORECLOSURE, PLEASE DO NOT CONTACT OUR OFFICE FOR ADDITIONAL INFORMATION. ALL INFORMATION WE WOULD PROVIDE YOU IS PUBLIC RECORD AND IS AVAILABLE TO YOU FORM OTHER SOURCES. IT IS UNLAWFUL FOR US TO PROVIDE YOU WITH THE PROPOSED BID AMOUNTS.
If you need the time the sale will be held, please call our office between 1-2 days before the sale with the ID number indicated on the report. Please do not contact our office more than 2 days prior to the sale date.
DISCLAIMER AND USE AGREEMENT
By using the on-line reporting of scheduled sales you understand and agree that the information is being provided as a public service and that no warranty, express or implied, is made as to the correctness of the information.
For Sale information please call our office.
Estimating bids: Our office does not provide information concerning the proposed bids on pending foreclosures. You must estimate the bid yourself. Although there is no sure way to determine the bid amount, there are ways to estimate it. One procedure used by purchasers is to go to the Courthouse and look at the recorded copy of the deed of trust for the (1) amount of the note, (2) date of the note or deed of trust, (3) final payment date and (3) interest rate.
Example: The foreclosure sale date is 5/5/02. The deed of trust is dated 6/1/98 and the note amount shown in the deed of trust is $155,000.00. No interest is provided in the deed of trust. The final payment date is shown as 6/1/22 so the loan is a 30 year loan. You assume a first payment date of 7/1/98 and an interest rate of 8%. Now run an amortization and look at the balance on 2/5/02, three months prior to the sale date. This is the principal balance. Now add back simple interest for 3-4 months and some estimated amount for taxes, insurance and late payments and other costs and fees.
Balance on 2/5/02 $148,996.00 (Assumes only threes months in default)
Taxes $500.00
Insurance $800.00
Past due Interest $4,000.00
Fees $800.00Total Debt $155,096.00
Additional Guidelines: Most home loans are 30 years loans. Many loans in foreclosure are between 3 to 9 months in default. Finding foreclosure property for less than the property value is very rare. Sample Amortization Program