What do Sold, Stopped and Auction passed mean?
- Sold on 2da (or 1ra, 3ra): the court record shows it sold at that round.
- Sold, recorded on a date: it sold, but the court record does not say at which round.
- Stopped: the court stopped the auction, for example because the owner filed for bankruptcy, an appeal, mediation or loss mitigation. The reason shows on the auction.
- Auction passed: every round date went by with no sale on record.
These leave the round tabs and move to Past, so you never drive to an auction that is already over.
Sold
An auction moves to Past as Sold once the court's record shows the sale. When the record names the round, it says Sold on 1ra, 2da or 3ra. When it doesn't, it says Sold with the date the court recorded the sale.
When we know the amount, the card says Sold for and the price it sold for, not the amount owed. The auction's window adds the day the deed of the sale was filed and who bought it, when those are on record.
Stopped
The court stopped the auction. The reason shows when the record gives one, like a bankruptcy filing, an appeal, mediation between the owner and the lender, loss mitigation or a judge's order. A stopped auction can be scheduled again later.
A bankruptcy filing stops a sale at once. Mediation is required for a home that is the owner's main residence, and no sale can happen until it is done.
Auction passed
The dates of its rounds went by and the court has not recorded a sale. It can mean that nobody bid, that the lender took the property, or that the result is not recorded yet. If nobody bids at the 3ra subasta, the court can award the property to the lender.
When the case is not in the court's online records, we can't tell whether it sold, and the auction says so.
Why Past matters
Past keeps the auctions that are over out of the round tabs, so you never drive to one that already happened. It also shows what similar properties sold for at a court sale and who bought them, useful before you bid on the next one.
A court sale is not counted among the comparable sales in a property's window, because it is not a market price.
Older auctions that were already held are in the archive. The link under the filters opens it, and back to current brings you back.
Foreclosure auctions
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