Foreclosed Property Auction Results

[Ben]

The house next to me was listed yesterday at the Tulsa County Sheriff's foreclosed property sales. Are the results of those actions listed publicly online? I am just curious to know if it was bought and by who. I looked around on the site (http://www.tcso.org/tcsoweb/Auctions.aspxa) and did some google searches but did not find anything.

Can anybody point me in the right direction?

[Hoss]

The house next to me was listed yesterday at the Tulsa County Sheriff's foreclosed property sales. Are the results of those actions listed publicly online? I am just curious to know if it was bought and by who. I looked around on the site (http://www.tcso.org/tcsoweb/Auctions.aspxa) and did some google searches but did not find anything.

Can anybody point me in the right direction?

I'm not sure how often they update it but the Tulsa County Assessor's website typically has that info.

http://www.assessor.tulsacounty.org/assessor-property-search.php

[Ben]

I'm not sure how often they update it but the Tulsa County Assessor's website typically has that info.

http://www.assessor.tulsacounty.org/assessor-property-search.php

Thanks Hoss, I had looked there but it was not updated yet. It's not a big deal, I am just trying to figure out who my new neighbors will be. The auction was just yesterday, so whoever bought it has not even really paid for it yet, i think they have 2 weeks or something, so I am sure it will take a while for all the info to move through the system.

[DTowner]

The bank that holds the note/mortgage often buys the house at the sheriff's sale, so it may take a while longer to get a new neighbor.

[Ben]

The bank that holds the note/mortgage often buys the house at the sheriff's sale, so it may take a while longer to get a new neighbor.

Ha, I obviously don't know how this works. Why does the bank buy it? Do they just hope to pay a minimal amount at action then sell it again on the open market for more to make up the loss?

There were a few individuals who stopped by and looked at it, so I know there was some interest. It has been empty for 2 years, so another two years is not a big deal.

[Gaspar]

Ha, I obviously don't know how this works. Why does the bank buy it? Do they just hope to pay a minimal amount at action then sell it again on the open market for more to make up the loss?

There were a few individuals who stopped by and looked at it, so I know there was some interest. It has been empty for 2 years, so another two years is not a big deal.

They can get it for 2/3 of the value and make a nice profit.  Sometimes after purchase, they will hold onto it for years until the market timing is right to sell it.  A house in my neighborhood was foreclosed on in 2010.  The bank held it until just last month, and sold it for a nice profit even though they had to do quite a bit of repair.

Real-estate is great right now, so I would expect that you won't have to wait very long until you have a final owner.