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ESTAPLACE.COM REAL ESTATE - FREE LISTING SERVICE -
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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 12 Aug 2005 01:22:58 -0700
/ Author of the message: kuacou241@yahoo.com |
Title of the message: |
Re: 2nd mortgage and bankruptcy
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Text of the message: |
The arttcle I linked to turns out to be missing half its pages. You can get the gist of it nevertheless, and here's a short summary of foreclosure practice from another site, which just repeats what I wrote above: "At the foreclosure auction "If you can't buy the distress property before the lender's foreclosure sale, the next bargain opportunity occurs at the foreclosure auction. This sale wipes out most junior liens, such as junior mortgages and judgment liens. However, unpaid property taxes are not eliminated. "Another advantage is that you don't need to deal with an emotional seller who is losing his or her property. But a disadvantage, in some states, is the owner retains a right of redemption. If there is an IRS tax lien on the property, the IRS has a 120-day redemption period. However, few redemptions occur." . |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.