Sales FAQ
The information set forth herein is of a general nature only, and is intended to address some of the questions frequently asked by parties interested in participating in a foreclosure auction. This material is not intended, and should not be construed, as legal advice. Orlans Law Group PLLC makes no representations with respect to the information contained herein, shall not be responsible for any inaccuracy or omission which may exist, and shall bear no liability for any damages suffered by any person in reliance thereon. Prospective bidders should promptly seek legal representation in order to fully protect their legal rights.
All deposits must be in the form of certified check, cashiers check or money order.
No. Orlans Law Group PLLC does not release this information prior to the sale. The Trustee will announce the lender's opening bid at the time and place of the sale. Please do not contact this office to request this information in advance.
No. Orlans Law Group PLLC does not provide any information and makes no representations with respect to the physical condition of the property. All properties are sold in "AS IS" condition.
No. Until the auction is completed, the defaulting mortgagor owns the premises being foreclosed. Neither Orlans Law Group PLLC nor the foreclosing lender is authorized to grant prospective bidders access to the property.
Orlans Law Group PLLC does not provide this information. It is the bidder's responsibility to obtain such information through the public records prior to the sale date.
Orlans Law Group PLLC does not provide this information to prospective bidders.
Orlans Law Group PLLC has no information regarding whether or not a given property is occupied at the time of sale, and makes no representations that the property is vacant. The purchaser bears the responsibility for any eviction proceeding that may be necessary.
Depending on the laws of the jurisdiction where the property is located, you may have as little as 20 days to tender the entire balance of the purchase price.
No. It is the bidder's responsibility to arrange for financing of the balance of the purchase price. There is no obligation to extend your time to close if you are unable to obtain financing by the settlement date set forth in the Memorandum of Sale.
You will be deemed to be in default of the purchase agreement and your deposit may be retained and property resold.
Orlans Law Group PLLC does not provide information as to why a specific sale was postponed or cancelled.