Citifinancial Foreclosures
My assessor’s records show that CitiFinancial owns a house from foreclosure, why did the realtor say….?
The realtor showed us a house. He said that he sold it in 2003, but the guy went through foreclosure. The assessor’s records were updated on 6/15/07 and shows that CitiFinancial Mortgage Co took ownership. He also said that they had problems for a few months on getting the title cleared.
What does this mean? Should I be worried? What will he gain as commission for showing me this house that is owned by a bank?
The house also sold for 36k in ’04, now the asking price is 12k.
http://maps.cabellassessor.com/portal/photo.php?PARID=05++48006200000000
Who owns the property has no impact on his commission. You can ask for details as to why they had title problems but I’d guess that if the previous owner had financial problems then there may have been one or more liens on the property that had to be cleared before they could sell it.
Subprime Mortgages: The Lose Your Home Industry
