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Yes you can. BUT the bank/mortgage company will enter a bid equalling what is owed against the property.
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∙ 16y ago
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What happens if you bid for your own Howrse in the Howrse auctions?
Answer You can't bid on your horse. You can only cancel the auction.
What are the rules used for an eBay auction?
The rules for an eBay auction are that you can't bid if your information is invalid. You must pay for the item that you buy. You must bid if you are intending to buy the item. You can't bid for your own item.
Is name your own price an auction or reverse auction?
Name your own price is an auction, a "sealed bid" auction. The highest bidder gets the good or service and you don't get to hear other participants' bids. A reverse auction is where the prices start high and go lower, a setup used in supplier sourcing and procurement.
What happens if there is only one bidder at an auction?
Even if the auction would have been won by the one bidder, the property would not have truly been the winner! (Because they are still short of the reserve price.) Many auction terms state that the vendor may place one bid on their own behalf, which must be disclosed. It is an additional reserve charge. So the vendor might make a single higher bid. If you are looking for any Tender Submission website. Then I would highly recommend the Tender Impulse Website. I hope this answer will be beneficial for you. THANK YOU!
What's the difference between a foreclosure auction and a regular auction?
A foreclosure auction is a forced auction. The person who used to own the property being auctioned owed either the bank or the government money. For not paying the money back, their property is sold at auction to satisfy their debt. A regular auction could be anything and isn't necessarily to pay off debt, but usually to make a profit.
What is absolute ownership?
is the direct rights of ownership over a property which a particular person posses and he or she can do what ever on the land for they own the rights on the property.
What content can be found on the CigarBid website?
At the CigarBid website, you can find cigar auctions. Once on the website, you can bid on existing auctions or start an auction of your own to sell cigars.
Would an auctioneer in the US be legally responsible if someone is injured at the auction if the auctioneer does NOT own the property?
No, the auctioneer would not be legally responsible if someone got hurt at an auction. The auctioneer is only an employee.
Are you aloud to bid on your own horse if you sell it on howrse?
Sorry. :( You can't bid on your own horse in the sales.
What is the difference between tenancy by the entireties and absolute ownership?
Tenancy by the entirety is the way legally married people can hold title to their property. It means that when one dies the other automatically becomes the sole owner of the property. Absolute ownership means that you own the fee interest in the property. You have the right to the use and possession of the property and can leave it to your heirs when you die.
How are seized homes usually purchased?
It depends who seized them and why. If it was a foreclosure then it will be owned by a bank. Bank owned properties are listed with local realtors. The thing with Bank own property is that there isn't a negotiation process. They list the price at the current market value for that home. You make a bid, if you are the top bid they get for that property and they are willing to let it go at that price then you get it.
What is undivided fee simple interest?
Fee simple absolute is the way we describe the complete and total ownership of real property. The owner in fee simple absolute has the right to full possession and control of the property and the property will pass to the owner's heirs upon death according to the terms of their will or according to the laws of intestacy if there is no will. Generally the conveyance of real estate by a deed conveys fee simple absolute. Generally, when we speak of "fee simple" we are referring to fee simple absolute. An undivided interest in property means that two or more persons own the real estate and each has the right to the use and possession of the entire property even if they own only a one-half undivided interest. Each has a 50% interest in the fee.
