How can I find out if my neighbor bailed out on their mortgage?

I'm about to have to call shenanigans on your claim that you are in RE.  How can i be 10x more informed then you about your own profession? 

G8R, there was a moratorium on foreclosures that was (very quietly) lifted on March 31.  That means that given your info, it's very possible that these yocals walked on the house. Bustin Piles is right, check with the County first.

You asked how this will effect the value of your house, negatively.  When a scuzzbucket realtwhore does comps in your zip code, foreclosures are a bitch. My .02, sell yours, and buy theirs

House prices will likely decline for the next decade, so if you are asking because you are selling or thinking of selling shortly, my advice would be to clean your place up, maybe mow the neighbors lawn, and get your place listed asap.

If they were doing improvements 5 months ago, the kind that would make you assume that they were there to stay, then right about now is when the foreclosure process would likely start, but you wouldn't find any public info for months.

After they miss 3 or 4 payments, the lender or servicer sends them a Notice of Default, informing them that they have entered the foreclosure process.  After another 5-6 months, lender sends borrower a Notice of Trustee Sale, which gives them the date that house will go up for public auction.(which is normally another month to 2 months later)

So as you can see, this can easily take a year. Factor in our current crisis, and gov't interventions, and loopholes people are finding, and I HIGHLY DOUBT that your neighbors house has been foreclosed, (yet). Many people that are underwater and know what i know, that the worst is yet to come, are doing 'Jingle Mail' sending the keys back to the lender, or just flat walking so that they can get into a choice rental while their credit is still good and before 1/2 of Americas homeowners are forced to become renters

pm me if you have any questions

IF??  and what if he can't you're suggesting that he take on property for negative cash flow

Real Estate is poison right now. Only buy if you are using as a primary residence, or if you are prepared to take a loss. OR, in the rare case that you actually can get a good deal

by good deal, i mean pre 2000 price

Quote Originally Posted by G8RB8:

Good Stuff guys

Honestly, the thought in my head is, how can I get that shed they just built fair and square, because I need one

I haven't heard back from my realtor yet, hoping to hear tomorrow about what she found out

that's wierd because when i read what you wrote about the new shed, my first thought was to tell you to take it . 

Quote Originally Posted by G8RB8:


I could easily drag it over to my yard. . .

I wish I knew. . .  that would suck if they got back from a three month long European vacation and found their shed in my yard

mow their yard once or twice, and take it in lieu of payment , your not hiding it, and if anyone gives you shit about it, just give it back

Hell, if they took out a second against the house, i would think a shed would be considered permanent fixture, and it would stay with house, no recourse for the lender

G8R, meant to tell you

NEVER TRUST A REALTWHORE

They are waaaaay worse than used car salesman