Interested in learning about how a foreclosure works and want to see a foreclosure auction?  Well if you live in Storm Lake or Alta this one might fit the bill.  The address of the property is:

Location of Property: 501 BUENA VISTA STREET ALTA IOWA 51002

The described property will be offered for sale at public auction for cash only as follows:

Date of Sale       11/04/2008        Time of Sale 10:00        

 Place of Sale BUENA VISTA COUNTY SHERIFF OFFICE

411 EXPANSION BLVD                 STORM LAKE                    IA

This one will probably go to the bank that has the mortgage, that bank is the First National Bank of Omaha. The cost of this property (in my opinion as a Realtor) is significantly higher than it could sell for on the local market. 

Judgment Amount Accrued Costs                 Costs       Interest                 Sheriff's Fee's

$138,260.75                      PLUS                       $2,881.51                     $10,212.86    

Check it out if this is something you have thought about doing, it is an interesting process and the personnel in the sheriffs department are very helpful.