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Foreclosures in Provincetown MA - Jan 1 to 10-28-2016
Foreclosures in Provincetown MA
Unfortunately for investors, there aren't as many foreclosures as one might think, because property is usually able to sell before it forecloses. Even as a short sale, property can usually be sold before it gets foreclosed on. I often receive inquiries about foreclosures on Cape Cod.
In the town of Provincetown this year, from January 1, 2016 and October 28, 2016 there have been seven properties that had an Order of Notice recorded. The order of notice is the first recorded step in the foreclosure process. This is a formal public notice that a borrower has not kept the payments current and that the lender is planning to foreclose.
Once this is recorded, there are other steps that the lender needs to take correctly before the foreclosure can take place. Up until the recording, only the borrower and the lender know the true status of the loan. Upon the recording of the order of notice, the public is now informed that this property is going to go through the foreclosure process.
For this time period - January 1, 2016 and October 20, 2016 - the three properties in the recorded land section of the Barnstable County Registry of Deeds for the town of Provincetown, ... more
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