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how to buy a foreclosed home at auction

How to Buy Florida Foreclosures – Foreclosure.com – Always remember, you are buying the property strictly "as is" at an auction sale! Bid on the Property at the Auction. On the day of the public foreclosure auction sale, meet the lender’s representative at the courthouse and show him or her the earnest money deposit and an acceptable form of identification.

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The Drawbacks of Buying a Foreclosed Home at Auction – Unlike a traditional home-buying experience, you won’t have the chance to take a tour before you make an offer. The properties are sold at an auction "as is" and go to the highest bidder. You may end.

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How to Buy Florida Foreclosures – Foreclosure.com – Always remember, you are buying the property strictly "as is" at an auction sale! Bid on the Property at the Auction. On the day of the public foreclosure auction sale, meet the lender’s representative at the courthouse and show him or her the earnest money deposit and an acceptable form of identification.

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Boat Salvage Auctions: Minimize Risk Maximize Reward – BoatAuctionsDirect.com again gets my latest vote as perhaps the only legitimate auction database that actually offers an extensive and updated database of local boat auctions and surprisingly boat salvage auctions. This site unlike many member based data banks keeps things organized and simple.

Buying a foreclosure house at auction can come with surprises – In contrast, foreclosure auctions done on the courthouse steps are like blind. What you can do If you’re buying a home sight-unseen or don’t have access to inspect it, here are some things you can.

Many ways to mess up. Buying foreclosures at auction is full of traps for the unwary, Hamilton says. First of all, you have to pay cash. And you’re paying for all of the loans, back interest, taxes and attorney’s fees on the property. So if the house is worth $300,000, the opening bid could actually be $400,000.

Buyer beware of Detroit's $500 foreclosed properties – Detroit News – About half will likely be auctioned for $500 apiece this fall.. If you buy a home through the detroit land bank, you have six months to bring it.

+Save Big: Buy a Foreclosed Home – ABC News – Go.com – You can do just that if you buy a foreclosed property.. Banks are required to go through an auction to repossess a house from the owners.

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