GoFuckYourself.com - Adult Webmaster Forum - View Single Post

greg80 · 02-05-2008, 12:29 PM

I was checking some realestate in Florida. It's real cheap now for us in Europe with low US$ and all.

I don't understand how forclosures work. For example I am looking at an realestate that is currently under Lis pendens (papers filed for the bank to get the ownership of realestate I guess).

It says that The estimated loan balance is $102000. Does that mean you pay the bank the remaining 102000$ and you get the house??? What about the guy that the house is taken from?

02-05-2008, 12:29 PM
greg80 Confirmed User Industry Role: Join Date: May 2007 Posts: 1,644	How does it work with forclosures in US? I was checking some realestate in Florida. It's real cheap now for us in Europe with low US$ and all. I don't understand how forclosures work. For example I am looking at an realestate that is currently under Lis pendens (papers filed for the bank to get the ownership of realestate I guess). It says that The estimated loan balance is $102000. Does that mean you pay the bank the remaining 102000$ and you get the house??? What about the guy that the house is taken from? __________________ Say no to GoDaddy and high renewal prices! Go with NameSilo - FREE private whois for life, $8.99 regstrations and renewals. Free redirects, emails, great control panel and more! NameSilo rocks!