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To get enough people to attend the auction with the aim of increasing the chances of actually selling the auctioned items.
Public auctions for foreclosed properties, repossessed vehicles, etc. are required by law to be announced to the public under the statutes pertaining to such in the state where the auction(s) are to be held.
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What is purpose the of an auction?
To sell goods and services
What is the main purpose of auction sniper?
An auction sniper is someone who waits until the last second of an auction to bid. The main purpose of these people is to get more last minute bids, and so that the item gets sold either way.
Which steps are included in the foreclosure process?
The first step is a Notice of Default, followed by the Notice of Acceleration. The third step is the Notice of Sale and the fourth step is a Public Auction.
What is the purpose of a notice of meeting?
The purpose of a notice of meeting is to give you advance warning. This is so you can make sure you are free for the meeting.
What happens to homes in foreclosure?
The homes in foreclosure are sold at auction after notice and publication of the date, time and place.
What is the purpose of xylophone?
To notice the high and low pitches
What are the step taken in a foreclosure process?
There are multiple steps that a lender must complete in order to initiate foreclosure. These steps include providing the homeowner a notice of default, a notice of acceleration, a notice of sale and finally inclusion in a public auction.
If I have a foreclosure date and notice of courthse. auction, and am not trying to stop the action, what do I need to know about evacuating the premises?
You need to know that as of the date of auction, you are to be out of the home and as of that date, you have no legal rights to the home any longer
How long does it take for your car to be auctioned after repossession?
depends you should receive a notice in the mail from the lender as to the auction date and place.
What is the purpose of a charity auction?
A charity auction raises awareness and much needed funding for charitable companies. It can be a great opportunity to tell willing donaters about the cause that the event is being held for.
What is the purpose of the IRS's filing of the Notice of Federal Tax Lien?
The IRS files the Notice of Federal Tax Lien (NFTL). The purpose of this is to establish the Government's right of priority against specific third parties.
When someone hires a company for an estate auction, is the company responsible for security of the property?
Yes, it is customary for the auction company to be responsible for the security of the property. Additionally, many auction houses have insurance for this specific purpose. In most cases the auction company will secure the property to avoid any problems. Read your contract carefully this is not always the case.
