All Topics / Legal & Accounting / Foreclosure or Mortgage Default Info
I’ve made lots of phone calls to the Magistrates Court and looked at various web sites but can’t find anything.
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Is this information publicly available through the Courts or Registrar Generals?Cheers
NeilThis is very much an American phenonomen where properties are sold for enough to cover the outstanding amount owed.
Here in Australia lenders are required to sell for market value – hence most properties go to public auction. They may be advertised as mortgagee in possesion or such but this doesn’t mean an absolute bargain basement price.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Try http://www.insolvencynotices.com.au or http://www.statetrustees.com.au
I haven’t had much of a look but have a go and see if you can find anything interesting. Hope this helps- G7
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