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Do you have to pay a fee to bid on a car at a government car auction?
The winner of the car does not pay a bid. the person who lists the car at auction pays a percentage of the sale for the right to list at auctions.
What is the best method to stop foreclosures?
The best method to stop foreclosures is to pay any arrears that are due and to keep up with repayments when due. In addition to this, if one is already in arrears and facing foreclosure, then one may speak to their mortgage company about a repayment plan. Generally mortgage companies would prefer to just receive the money that they are owed than have to lose money on auction fees and other expenses associated with foreclosures.
What training is involved when doing foreclosures with a bank?
Depending on your state, there is training when it comes to licenses in order to process foreclosures. There is a class that you can take online or in person and sometimes your employeer may pay for the class.
Do you have to pay on eBay if you lose the auction?
No. Only the winning bidder has to pay.
How do you find foreclosure listings?
There are many different properties that people label as "foreclosures". Some variants are pre-foreclosures, lis-pendens, etc. What many people a true foreclosure, the type they can get deep discounts on, is a property that the mortgage lender has won the right to reposes. In many states this happens in the court system. The mortgage lender is awarded a judgment and the property goes up for auction at a sheriff sale where the public can bid on it. Most states have requirements that certain aspects of the foreclosure process are made public. Usually via public notices. You can also find listings at County Clerk's office and when a property is scheduled for auction the Sheriff will post notices in the local newspapers about the sale as well as maintain a list of properties that have been foreclosed. There are various sites on the internet that collect this data that you can search. The majority seem to be sites you have to pay for. I'm in Northern NJ and there's a free site which I visit that lists NJ foreclosures. http://www.bergenjerseyforeclosures.com
How does a bidder pay at an auction that the bidder has won?
cash
How much is an old Elvis Presley vinyl record with the misprint Elvis has let the building instead of left?
It's worth whatever someone will pay you for it. List it on eBay as auction and see where it goes. :-)
What is meant by winning bid at an auction?
If you have the winning bid at an auction, then you have won that item with the bid you placed. After you pay for the item, it will be transferred to you.
Who do I contact to find a Foreclosure Auction?
Locally, your best bet is to follow the foreclosure posts in your local newspapers- foreclosures have to be posted by law. If you can get an in with a credit company or bank, so much the better for you. There are TONS of listings online, but you have to pay for most- most low end buyers who profit from "flipping" haunt their registry of deeds, local court, and the newspapers.
What could happen if you don't pay for your impounded car?
Eventually it will be sold at auction to pay the impound fees.
Does it matter on your credit report if you have 1 or 6 foreclosures?
Not really. Typically if you have 1 foreclosure, or you have 6, no bank will make you loan. Pay your debts.
Are bank foreclosures good investments?
They can be. What you must know about bank foreclosures is that you will be required to pay any back taxes that the individual may have owed on the property. While the purchase price may be cheap, these taxes can bring the final cost up to a rather high number.
