How to Find Out If My Condo Has Been Auctioned
Finding out if your condo has been auctioned takes less than one hour and can be done in complete privacy. The most common form of auction in the U.S. is the public ascending bid auction. Depressions in the housing market, such as that caused by the 2007 economic collapse, cause an increase in the number of foreclosures and availability of properties up for auction. Accessing condo auction information is free and only a click or phone call away.
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Instructions
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Contact the county assessor where the property is located to ask if the condo has been auctioned. Every time a property is sold, the new deed must be recorded with the clerk in that county.
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Check the Internet for the county assessor's website, where you will find the public records search function. Locate the property record with the condo address or parcel number. The new owner's name, along with sale price, will show up if the condo has been auctioned.
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Contact your lender to see if the condo has been auctioned. If it has not, request the trustee sale date information. This information tells you where the property is being auctioned, what the opening bid is, and what you must do if you would like to register to bid.
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Track the Department of Housing and Urban Development auction listings online. Properties that were foreclosed through government loans, such as FHA and VA loans, are auctioned there. Once the condo is sold, it no longer appears on the website.
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Call a local real estate agent to inquire whether the condo has been auctioned. Real estate agents regularly access public records and can locate this information in a few minutes.
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Tips & Warnings
If your condo is being privately auctioned, contact the auction house to track bids and auction results.
References
Resources
- Photo Credit condo building image by Betty Oesterling from Fotolia.com
