Comments on: Buying At a Foreclosure Auction http://www.bestforeclosurenews.com/foreclosure-help/buying-at-a-foreclosure-auction Todays Foreclosure News & Info Sun, 03 Jan 2010 06:42:13 -0500 hourly 1 By: Janet P http://www.bestforeclosurenews.com/foreclosure-help/buying-at-a-foreclosure-auction/comment-page-1#comment-3281 Janet P Sun, 22 Nov 2009 00:08:59 +0000 http://www.bestforeclosurenews.com/foreclosure-help/buying-at-a-foreclosure-auction#comment-3281 In CA they take place on the court house steps. You are expected to pay right away, no mortgage. I have not bought any for a couple of years (would not even think about it with this market), but I alwsy took my broker and had him bid for me. The whole thing is over within a couple of minutes and I do not think I would do well on my own. Brokers charge a flat rate to bid for you.<br><b>References : </b><br> In CA they take place on the court house steps. You are expected to pay right away, no mortgage. I have not bought any for a couple of years (would not even think about it with this market), but I alwsy took my broker and had him bid for me. The whole thing is over within a couple of minutes and I do not think I would do well on my own.

Brokers charge a flat rate to bid for you.
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]]> By: Debbie2243 http://www.bestforeclosurenews.com/foreclosure-help/buying-at-a-foreclosure-auction/comment-page-1#comment-3280 Debbie2243 Sun, 22 Nov 2009 00:06:59 +0000 http://www.bestforeclosurenews.com/foreclosure-help/buying-at-a-foreclosure-auction#comment-3280 You cannot just show up. You have to register so they can check you out. Then you show up at the courthouse on the steps and place your bids. It will go fast and it will be over in a few seconds. The terrible facts are...some are there just to run the price up. Some are bribed to sell the property to one person at a certain price even if you are still bidding. So if you can buy the house from the bank before it gets to the auction it may be better for you.<br><b>References : </b><br> You cannot just show up. You have to register so they can check you out. Then you show up at the courthouse on the steps and place your bids. It will go fast and it will be over in a few seconds.
The terrible facts are…some are there just to run the price up.
Some are bribed to sell the property to one person at a certain price even if you are still bidding.
So if you can buy the house from the bank before it gets to the auction it may be better for you.
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]]> By: slguldi http://www.bestforeclosurenews.com/foreclosure-help/buying-at-a-foreclosure-auction/comment-page-1#comment-3279 slguldi Sun, 22 Nov 2009 00:04:59 +0000 http://www.bestforeclosurenews.com/foreclosure-help/buying-at-a-foreclosure-auction#comment-3279 they are usually announced in the legal ad section of the newspaper. You usually need certifiied funds as a deposit. I would suggest going to a few auctions before you plan on buying so you can get a feel for how they are and find a local RE attorney to advise you or a Realtor who has experience working with investors.<br><b>References : </b><br> they are usually announced in the legal ad section of the newspaper. You usually need certifiied funds as a deposit. I would suggest going to a few auctions before you plan on buying so you can get a feel for how they are and find a local RE attorney to advise you or a Realtor who has experience working with investors.
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]]> By: wizjp http://www.bestforeclosurenews.com/foreclosure-help/buying-at-a-foreclosure-auction/comment-page-1#comment-3278 wizjp Sun, 22 Nov 2009 00:02:59 +0000 http://www.bestforeclosurenews.com/foreclosure-help/buying-at-a-foreclosure-auction#comment-3278 Laws vary by state. Usually foreclosure is listed in the paper with the terms of sale. Some take place on courthouse steps, some in the office of the foreclosing institution, some at the property. Be aware you may be subject to any outstanding liens or judgements against the property for owners associations or taxes. If you are serious, order a title search of the property so you can examine the outstanding problems and possibly even a survey.<br><b>References : </b><br> Laws vary by state. Usually foreclosure is listed in the paper with the terms of sale. Some take place on courthouse steps, some in the office of the foreclosing institution, some at the property. Be aware you may be subject to any outstanding liens or judgements against the property for owners associations or taxes. If you are serious, order a title search of the property so you can examine the outstanding problems and possibly even a survey.
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]]> By: smuttyman http://www.bestforeclosurenews.com/foreclosure-help/buying-at-a-foreclosure-auction/comment-page-1#comment-3277 smuttyman Sat, 21 Nov 2009 19:00:07 +0000 http://www.bestforeclosurenews.com/foreclosure-help/buying-at-a-foreclosure-auction#comment-3277 <b>How do I go about buying at a foreclosure auction, Where, how what?</b><br> How do I go about buying at a foreclosure auction, Where, how what?

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