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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Full payment is required at a CA trustee's sale. Posted by Ward-CA- on June 12, 2002 at 9:33 PM In Reply to: Owner Refuses to Sell... posted by Stuart Abrams on June 12, 2002 at 12:26 AM : I found a property that is supposed to go to Auction on the 20th of June and so I decided to go to woman's house and talk with her about what she would be willing to sell the house for...of course, I was not the first one it turned out and she had a sign on her door saying that she wasn't going to sell and please do not solicit. So, my question is twofold, first, why would someone be willing to lose all of the equity in the house by not selling it and secondly, if the property indeed goes to auction at the San Diego Courthouse, how much capital is necessary to bid and when is the rest of the money due? : Thanks! : Stuart ================== Stuart, No telling what motivates people to do what they do. People are sometimes an enigma, even to themselves! Trustee's sales in California require payment in full from the winning bidder at the time of the sale. There's no provision for any type of installment payment of your winning bid. To prevent such a situation from occurring the auctioneer will require all bidders to qualify before the sale by showing her, one by one, the entire amount of money they intend to bid. Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : I found a property that is supposed to go to Auction on the 20th of June and so I decided to go to woman's house and talk with her about what she would be willing to sell the house for...of course, I was not the first one it turned out and she had a sign on her door saying that she wasn't going to sell and please do not solicit. So, my question is twofold, first, why would someone be willing to lose all of the equity in the house by not selling it and secondly, if the property indeed goes to auction at the San Diego Courthouse, how much capital is necessary to bid and when is the rest of the money due? : : Thanks! : : Stuart : ================== : Stuart, : No telling what motivates people to do what they do. People are sometimes an enigma, even to themselves! : Trustee's sales in California require payment in full from the winning bidder at the time of the sale. There's no provision for any type of installment payment of your winning bid. To prevent such a situation from occurring the auctioneer will require all bidders to qualify before the sale by showing her, one by one, the entire amount of money they intend to bid. : Hope this helps. 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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