The filed judgments may not be ALL of the mortgages against the property. I have seen some home foreclosure sales around here that there where actually three different loans on the property. They only have to foreclose on one to regain the property. Some of the fees are based on the judgment amount.
It is a public sale if you want it you are free to bid it over what they are willing to go. As far as worrying about how the paperwork and tax issues are on the banks side. I have much better things to worry about that that. Most of these house are not worth what was loaned against them. They where bringing low dollars at the foreclosure sales. Some of the banks are buying them and selling them with financing to new buyer at much higher than auction price. That is just good business. These new buyers maybe out of the normal market now that the loan requirements are higher.
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Today's Featured Article - Usin Your Implements: Bucket Loader - by Curtis Von Fange. Introduction: Dad was raised during the depression years of the thirties. As a kid he worked part time on a farm in Kansas doing many of the manual chores. Some of the more successful farmers of that day had a new time saving device called a tractor. It increased the farm productivity and, in general, made life easier because more work could be done with this 'mechanical beast'. My dad dreamed that some day he would have his own tractor with every implement he could get. When he rea
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