July 27, 2012
Liberty Auction House Known for Free Police Auctions and Free Foreclosure information, Increases Police Auctions and Foreclosure Count Daily Starting July 28th.
"Everyday the database grows at LibertyAuctionHouse.com, So members can get the latest in free foreclosure and police auction Information." says Micheal Strom, Liberty Auction House CEO. "Our team consolidates this foreclosures for you for free! You can search from the comfort of your own home before you find a realtor."
When the entity (in the US, typically a county sheriff or designee) auctions a foreclosed property the holder may set the opening price as the balance on the mortgage loan. There are a number of issues that affect how pricing for properties is considered, including bankruptcy rulings. In a weak market the foreclosing party may set the starting price at a lower amount if it believes the home securing the loan is worth less than the remaining principal of the loan.
In the case where the remaining mortgage balance is higher than the actual home value the foreclosing party is unlikely to attract auction bids at this price level. A house that has gone through a foreclosure auction and failed to attract any acceptable bids may remain the property of the owner of the mortgage.
If you are not interested in the database of free foreclosures at LibertyAuctionHouse.com, you can just contact your local realtor to educate you and give you the local foreclosure information.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012-7/free-police-auctions/prweb9742208.htm