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Why do homes go on auction?

Updated: 9/27/2023
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12y ago

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People cannot afford to keep on paying for them (mortgage, etc.)

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12y ago
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Q: Why do homes go on auction?
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Related questions

What happens to homes in foreclosure?

The homes in foreclosure are sold at auction after notice and publication of the date, time and place.


Are there foreclosures in Ohio?

Yes there are some foreclosure close to your are there in Ohio. You can go to the website realtytrac.com to find the foreclosed homes that are coming up for auction in your area.


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 does homes under the hammer mean?

Homes under the hammer, is a popular saying as well as the name of a popular BBC television show. Homes under the hammer means home that are put out for auction, however the homes need refurbishment.


If foreclosure homes are sold at auction how are realtors selling foreclosure homes - Do they purchase the homes themselves or are they attempting to sell before the auction - How does this work?

the owner who is in foreclosure is attempting to sell the house before the foreclosure goes through. this is completely legal. if they want to sell the house for less than the amount that is owed to to the holder of the mortgage they will need to get the mortgage holders agreement.


How can anyone get into buying foreclosed homes?

When foreclosed homes are put up for auction that are usually held publicly by the banks. If you are able to meet all the requirements than you can purchase a foreclosed home.


What is the process of buying forclosed homes?

The process of buying foreclosed home is to either go through a real estate agent or public auction. Determine what you can afford. Get the property inspected. Get up to date title information.


How can I find listings for local foreclosure auctions in Rochester, NY?

There are many sites on the internet that provide listings of foreclosed homes, which include auction listings. One site that includes auction listings is www.foreclosurelistings.com.


Can I buy luxury motor homes on eBay?

It depends if someone has a luxury motor home for sell but yes you can buy luxury motor homes on eBay. You can search for luxury motor homes in the search box or go to the category eBay motors>Other Vehicles & Trailers. There are already two listed on the site after doing a search but this could change because remember eBay is an auction site and you are not guaranteed an item.


How do you get a dealership liecense to go to dealership auction?

go to the state dealers association.


What is a bachelors auction?

It Is where some place wants to raise money they will get the bachelors on the team to go to the auction you pay money and go on a date simple as that. And who knows maby you will hit it off!


Where could I find an auction with farm equipment for sale in Minneapolis?

You can go to business.shop.ebay.com to find an auction with farm equipment for sale in Minneapolis.