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What else can I help you with?
Are there any legitimate foreclosure auction websites?
prlog.org is one of the legitimate foreclosure auction websites.
Do you get the best deal by buying a house at a foreclosure auction?
Yes, you get the best deal by buying a house at a foreclosure auction. You can read more at www.realtytrac.com/foreclosure/Auction/how-to-buy-homes-at-auction.html
What is the difference between a tax foreclosure auction and a bank foreclosure auction?
One is done by the IRS, and the other is done by your bank.
Who do you contact to get the excess money after foreclosure auction?
You should contact the mortgage holder. They would be the ones that foreclosed and will have the remainder.
Where can I find information on a foreclosure auction online?
You can find information about foreclosure auctions online by visiting www.auctions.com.
What happens to homes in foreclosure?
The homes in foreclosure are sold at auction after notice and publication of the date, time and place.
Do I have to pay to see foreclosure auction listings?
Not usually. Most local governments have foreclosure sale listings on their websites.
Do you have to have 'cash only' at a foreclosure auction?
No, a cashier's check will work, too.
how do i find a foreclosure auction in my area?
www.foreclosurelistings.com is one place to look
What is the minimum amount required to place an opening bid at a foreclosure auction?
The minimum amount required to place an opening bid at a foreclosure auction is typically set by the lender and is usually equal to the outstanding loan balance plus any fees and costs associated with the foreclosure process.
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.
Do I need to have proof of financing to bid at a foreclosure auction?
To bid at a foreclosure auction you will need a $5,000 cashier’s check payable to yourself , a blank personal check , a valid ID (government issued) a pre-approval letter from your lender or prequalification documents from the auction lender.
