Walton.realforeclose.com

Interesting point AAB. What are customary RE commissions for the area now?
AAB also perhaps you can start another thread about realtor commissions and the profit margins of builders from 2002 to the present.

walton.realforeclose.com (and other site) was allowed by legislation July 1, 2008 Ch.45.03 FS or something like that to assist county clerks. Not much happening on the county steps these days other than banks keeping the properties.

I've been wondering about that. I haven't attended, but I check up after the redemption periods to see what finally happened.

Are there any bidders other than institutional?

I've been wondering about that. I haven't attended, but I check up after the redemption periods to see what finally happened.

Are there any bidders other than institutional?

No one is bidding on foreclosures because they're all underwater--there's no equity in them--zero--zip--nada.

In the "olden daze" folks who went into foreclosure usually had some equity in the house and fell on hard times (divorce, death in family, loss of job), so folks would bid for what remained of the bank's note. But 99.999% of today's foreclosures belonged to investulators who bought at bubble prices, put zero down, and then immediately refi'd to suck any bubble-induced-equity out of the house as soon as they could to "invest again," buy a Hummer, or spend a few weeks with extended family in Disney World with a follow-on Disney Cruise.

I've been seeing some First Position Lienor's filing foreclosure. It used to be that the Second Position Lienor was bidding a $1 over the First.

Anyone been seeing this?

My only question is using the name of our county and image of an employee which to me makes it look like a county site.

I emailed the clerk but no word back yet. I will call today because if it has gone through proper channels it needs to be noted here.

The site does appear quite official when you look at it. Likely contracted out by the county though.

However, many of the links for procedure, training, etc. go to other counties' clerks, assesors, etc. sites.

Well, Walton County contributed to the problem with excessively high tax rates, so I am not surprised they have set up a site such as this. Just hope they are prepaired to run their budgets on 1980's property tax assessments/rates.

Walton County tax rates have consistently been some of the lowest, if not the lowest in the State of Florida. Property values on the other hand have been considerably higher. But that is the fault of the buyers, not local government.

I just hope we do not return to the tax rates of the 80's when rates were close to triple what they are now.

You seem to speak with county commissioners on a regular basis (http://www.sowal.com/bb/local-government/32824-bed-tax-spike-table-walton-county-florida.html) why not ask them if this is actually associated with the county and why it was not bid out if the county is in fact paying for it?

Because they would not know the answer. This is something that the Clerk is doing. Call her and ask her about it. She is a pretty easy person to get up with. Rhonda Skipper told me that they were switching over to the same company so that some integration could occur, I am assuming to make sure that all of the tax liens are properly paid.

No one is bidding on foreclosures because they're all underwater--there's no equity in them--zero--zip--nada.

In the "olden daze" folks who went into foreclosure usually had some equity in the house and fell on hard times (divorce, death in family, loss of job), so folks would bid for what remained of the bank's note. But 99.999% of today's foreclosures belonged to investulators who bought at bubble prices, put zero down, and then immediately refi'd to suck any bubble-induced-equity out of the house as soon as they could to "invest again," buy a Hummer, or spend a few weeks with extended family in Disney World with a follow-on Disney Cruise.

I was a little stupetified by the magic and the excess that was in the air as of 05', but I didn't get to enjoy the party. But I could distantly feel the glory. Man all those drop-top Beamers and Benzs that were dashing all around this area made this ol' po' boy feel impoverished. Their shine on Roebuck Auctions webpage ain't the same as it once was.

The first of 28 or so properties to be "auctioned" in March is now posted.

The first of 28 or so properties to be "auctioned" in March is now posted.

Pretty cool.

They updated the site with legal info -

Pursuant to new legislation effective July 1, 2008, F. S. 45.031(10), and F. S. 197.542 (4)(a),(b) the Clerk may conduct the sale of real or personal property under an order or judgment by electronic means, and tax deed sales in lieu of public outcry.


This is really cool! Let the bargain basement REO comps be set!

They updated the site with legal info -

Pursuant to new legislation effective July 1, 2008, F. S. 45.031(10), and F. S. 197.542 (4)(a),(b) the Clerk may conduct the sale of real or personal property under an order or judgment by electronic means, and tax deed sales in lieu of public outcry.


This is really cool! Let the bargain basement REO comps be set!

It is inevitable that all things will go this way with the internet showing it's power. It will really even the field and break small time price schemes.

Passing on information I received:

The Clerk's Office has entered into an agreement with Realauction to hold foreclosure and tax deed sales online. The state legislature passed a law last regular session that allowed the clerk's offices to conduct online sales. The online sales will make it convenient for bidders and should increase the number of bidders. The new process will also reduce the paperwork in the clerk's office and save staff time yielding a direct savings to the taxpayers. Staff at the clerk's office is available to walk anyone through the process or you can contact Realauction for instructions. The Tax Collector has also contracted with this company for the tax deed application. There was a sale that took place today and it worked great.

Is that all of Nature Walk I see on the auction block today? Or at least part of it?

Is that all of Nature Walk I see on the auction block today? Or at least part of it?

I can't see it on there. How do you view it?

Once you have gotten to the list of properties to be auctioned for the day,
click on the parcel number or case number. The parcel takes you to the property appraiser page and the case number takes you to the foreclosure document. If you go look today you will have to go back to "Previous Auctions" to the 16th. It is the one for 3.8 million.

Once you have gotten to the list of properties to be auctioned for the day,
click on the parcel number or case number. The parcel takes you to the property appraiser page and the case number takes you to the foreclosure document. If you go look today you will have to go back to "Previous Auctions" to the 16th. It is the one for 3.8 million.

Saw it. When I advanced to the Parcel ID it was showing as 1 lot in Phase IV Watercolor. I think they have a parent parcel scribners error.

It looked like the bid closed. Did you hear the amount? Did JOE buy it or the lender?

Saw it. When I advanced to the Parcel ID it was showing as 1 lot in Phase IV Watercolor. I think they have a parent parcel scribners error.

It looked like the bid closed. Did you hear the amount? Did JOE buy it or the lender?

CC says the bank kept it. (8 lots)

CC says the bank kept it. (8 lots)

Do you know if the lender has to pay the Buyers Premium to the Clerk of Court when the lender is the forecloser?

I'm pretty sure the answer to that question is no, the lender doesn't have to pay the buyer's premium if the lender "buys it back."