Auction house reddit. I've bought 3 foreclosed properties via auction.

Auction house reddit Posted by u/Live-Net5603 - 4 votes and 16 comments Auctions in various states have rules like needing to purchase in cash or not being able to inspect the property or back out for any reason if you are the winning bid. com regularly in Massachusetts and particular Worcester since I am in the market for some rental property, having recently sold a different business. I've bought 3 foreclosed properties via auction. What happens when you buy it? You still are not guaranteed the title and then I imagine the people in the house still would not leave. Here's my most recent experience. Oct 5, 2024 · Every month my city holds an auction for houses that are foreclosing… one for example is listed for 25k because of an HOA lien. On April 12 I saw a 2 family for sale on auction. What is the process like? Total pain to try and get a house like this? with auctions, you need to have the money immediately available to do this, typically at the end of the auction total payment must be made if the auction is caused by property tax non-payment, many state laws allow he offending homeowner to pay the bill and retain the ownership even after the property was "sold". Foreclosure auction: usually you register to bid, bringing a cashiers check for a minimum amount (usually 10% of the starting bid price, or a set amount depending on the county), then if you win the auction, you have to bring a cashiers check or wire for the balance due by 5pm. What was the process like if you did buy a house through an auction? 24 votes, 35 comments. The auction might not even settle all liens or back taxes. And by the time a house goes to auction, it is often neglected (or worse, intentionally damaged). . com. I wanted to know if anyone has bought a house through Auction. I surf auction. Always factor that in Since the majority of the houses I want are in the 400k and over price range, I've been looking at short-sale homes/foreclosures and stumbled across houses on Auctions. true. ljsb qfp ulssz pwk sgtquh itfufdyp canyr cxxygp fcttiy cbfb