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After public auction on foreclosured home what does ie mean by sold to the beneficiary?
Wiki User
∙ 16y ago
i think it means that it was sold to the bank, see this:
== In order to bid at sales you must qualify with the auctioneer at the time of sale with cash, a cashier's check drawn on a state or national bank, a check drawn by a state or federal credit union, or a check drawn by a state or federal savings and loan association, savings association, or savings bank, or a cash equivalent which has been designated in the notice of sale as acceptable to the trustee prior to, and as a condition to, the recognizing of the bid at the time of sale in the amount the bidder is willing to bid up to. This is competitive bidding and will be sold to the highest bidder. The first bid being offered on behalf of the beneficiary, which is approximately the amount specified in the Notice of Sale at the time of the publication. Most states require the full amount at the time of the sale. (http://www.fidelityasap.com/faq.aspx#10)
Wiki User
∙ 16y ago
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Do you need a license to start a foreclosured home cleaning business in California?
yes
How long in AZ can you stay in home after public auction?
Oh no
Is beneficiary information on life policy a public record?
No it is not. The beneficiary information is listed on the policy and with the home office of the insurance company, but there is no reporting of it elsewhere.
How long after the public auction of your foreclosed home do you have before you will be evicted?
Would depend on the formalities of the jurisdiction, including get the sherrif to evict.
How can I Auction a home in Florida?
You have to be a licensed auctioneer to auction a home, look for either a local or national auction company in your area.
Are you responsible for the loan balance if you foreclose on your home?
Yes, of course. The lender forecloses on the dishonored promise to pay, takes possession of the home, auctions it to the public, and you still owe whatever amount they were not able to obtain at the auction to satisfy your loan obligation. If the home has more equity in it than you owe, then the extra proceeds of the auction will go back to you, but you'll need a new home, unless you won the auction.
Can you purchase a home scheduled for auction before the auction?
You are not able to purchase a home prior to auction unless the auctioneer and/or auction company has provisions with the seller to permit such a sale.
How do you change a beneficiary?
To change your beneficiary it is best to find a local agent or office to fill out a form and they can get to there Home Office quicker than mailing it in.
What happens after the auction sale of your home?
You move out.
If a beneficiary inherits a home in Texas can the beneficiary give it back to the bank if the beneficiary lives in another state?
Yes. If the beneficiary does not want to assume the financial responsibility of the property he or she is not legally entitled to do so. They may refuse the bequest and the issue will be disposed or distribted according to the state probate laws.
What company specialize in doing home auction?
There are a number of companies that specialize in doing home auctions. One should consult a realtor in the local area for advice about choosing a company. Keenan Auction Company, Withington Auction, and Pavlis Auction are three examples of companies that advertise their services.
Can a life insurance beneficiary sign over money to a funeral home?
yes
