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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.
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.
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.
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.
Should I buy a foreclosure from a bank?
The only way to buy a foreclosure is through the bank. If you want to save money you can try to pay in cash.
How can I capitalize from taking advantage of a foreclosure auction ?
Take advantage of a FREE Foreclosure.com site tour and find homes in your area .... bidding skills to capitalize on unbelievable real estate auction deals Have your offering in cash or check then and there. Do not have "financing" or require a loan to make the foreclosure purchase. You might lose the opportunity if the loan falls through.
What happens to homes in foreclosure?
The homes in foreclosure are sold at auction after notice and publication of the date, time and place.
Where can I find information on a foreclosure auction online?
You can find information about foreclosure auctions online by visiting www.auctions.com.
Should you take all the contents out of your house before it goes up for foreclosure auction?
Only if you want to keep the items.
Can you rebuy your foreclosure home?
If you have the cash.
Do I have to pay to see foreclosure auction listings?
Not usually. Most local governments have foreclosure sale listings on their websites.
how do i find a foreclosure auction in my area?
www.foreclosurelistings.com is one place to look
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.
