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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Foreclosure vs. Probate Sale Posted by Mary-CA on May 07, 2002 at 7:19 PM Dear Ward (or any Probate expert), I saw a real estate listing advertised as "Probate Sale" whereby the auction is held on site and there is no asking price or minimum bid. In addition, there will be an open house so prospective buyers can see the property. 1. Could you please explain the difference between a Foreclosure and a Probate Sale? 2. Is there a catch to these types of sales? 3. Should I do my research differently than I would for a foreclosure property? 4. How can there be no minimum bid? 5. What does this mean: "Sales will be subject to the rights of tenants in possession, if any"? 6. Are Probate sales as straight-forward as foreclosure auctions? Thanks in advance for your help. Follow Ups: Foreclosure sales are much more buyer beware.. Ward-CA- 7:40 PM, 05/07/02 (1) Re: probate sale.. Marquerite Valencia 1:15 PM, 09/12/06 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Dear Ward (or any Probate expert), : I saw a real estate listing advertised as "Probate Sale" whereby the auction is held on site and there is no asking price or minimum bid. In addition, there will be an open house so prospective buyers can see the property. : 1. Could you please explain the difference between a Foreclosure and a Probate Sale? : 2. Is there a catch to these types of sales? : 3. Should I do my research differently than I would for a foreclosure property? : 4. How can there be no minimum bid? : 5. What does this mean: "Sales will be subject to the rights of tenants in possession, if any"? : 6. Are Probate sales as straight-forward as foreclosure auctions? : Thanks in advance for your help. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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