Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
When a house goes to foreclosure do you still need an agent?
3 Answers
- Anonymous1 decade agoFavorite Answer
No, you do not need an agent. The bank will foreclose, and you will be evicted.
- donfletcheryhLv 71 decade ago
I assume you want to buy it. In this case an agent may be needed to get your offer into the hands of the mortgage holder.
Where mortgage holders must offer the property in a local paper, you may get it by reading every day.
If you are the foreclosed owner in a jurasdiction where you can redeem your foreclosed home (pay off the mortgage and reclaim the home) having an agent to make a quick sale might make sense, but one would be much smarter to do that well before foreclosure.
- kemperkLv 71 decade ago
I am not sure what you are really
asking. The law provides all
home ownes with remedies in case
you are late in paying your mortgage.
YOU are permitted by law, to
keep your home if you pay all
payments and late fees no later
than the morning of the sale.
With this in mind, I am not sure
how any agent can help you.
you may have a special idea in mind.
Also, remember, when in foreclosure,
you are permitted to sell part of the house to anyone [1/2 or 1/4 or
whatever] to help you get current
on your payments!!!
Source(s): RE broker