February 19, 2021

Woodmont Update

February 19, 2021/ Selina Pulizzi

Purchasing Woodmont was a year and a half in the making. Between issues with the out-of-town bank who owned the property and COVID delays, we really started to think it wasn’t going to happen. We decided if we didn’t get it before it went through another winter, we were moving on. It had been empty four years and never was winterized so you can only imagine the damage. Not only that, but purchasing a home out of foreclosure at a sheriff sale means sight unseen.

October 16, 2020

What is a Sheriff Sale?

October 16, 2020/ Selina Pulizzi

So before I get started into the details of a sheriff sale, let’s refer back to a blog post in the summer about reverse mortgages. If you recall, we had placed an offer on a home that had been sitting empty for two years. Our goal was to pay the debt on this property and take ownership before it went into foreclosure. Once foreclosure starts, the bank takes possession of the property. This is the legal process used by the bank to recoup their money. Once the foreclosure process starts, it becomes near impossible to do anything. You are no longer negotiating with the owner, you are dealing directly with the bank. At this point it is just a waiting game until they decide to post a sale date. Well long story short, this property went into foreclosure. We never heard back from the reverse mortgage company and it is now listed for sheriff’s sale.

March 27, 2020

Five Tips to Get the Most for Your Home

March 27, 2020/ Selina Pulizzi

Selling your home can be tough. Opening your doors to buyers can be overwhelming to say the least. Your home is more than just four walls to be critiqued and picked a part. It can be difficult to hear about what people like and don’t like or what they would change and so forth. So how do you know what buyers want? You don’t, each buyer is going to be different, but there are steps you can take to put your best foot forward. I have created a simple five step checklist to help get your home sold quickly and for top dollar.

February 20, 2020

What to Expect the Day of the Sheriff Sale

February 20, 2020/ Selina Pulizzi

So it’s the day of the sale. We’ve double checked everything. Now all there is to do is show up. There’s always a slight chance it could be postponed, but not likely. We felt pretty confident given the situation of the foreclosure that no one was going to pay off debt from the estate, so no reason to be postponed or cancelled- right?

January 23, 2020

How Does a Sheriff Sale Work?

January 23, 2020/ Selina Pulizzi

So before I get started into the details of a sheriff sale, let’s refer back to a blog post in the summer about reverse mortgages. If you recall, we had placed an offer on a home that had been sitting empty for two years. Our goal was to pay the debt on this property and take ownership before it went into foreclosure. Once foreclosure starts, the bank takes possession of the property. This is the legal process used by the bank to recoup their money. Once the foreclosure process starts, it becomes near impossible to do anything. You are no longer negotiating with the owner, you are dealing directly with the bank. At this point it is just a waiting game until they decide to post a sale date. Well long story short, this property went into foreclosure. We never heard back from the reverse mortgage company and it is now listed for sheriff’s sale.