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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Questions for the auction process at San Diego court yard -- please help Posted by sweethome on February 03, 2010 at 2:34 PM We are interesting in purchasing an investment property from the foreclosure auction. Did anyone have the experience at San Diego court yard? Please help us on clarifying the following questions: 1 Does the winning bidder need provide all fund in cashier's check? Since we do not know the final bid before hand, how do you prepare the check? Will the auctioner provide cash change if the winning-bid amount is < the check $$? 2 How can you check the linens against certian properties? in particular about federal and state income tax? 3 If the current owner who ... • has 2+ loans • has no liquidation on the property (the amount owed is much more the auction amount) • owed Fed tax linen • got foreclosed on the 1st loan • got the auction amount + 2nd loan higher than market value will Fed tax linen be wiped out or IRS still want to buy back? Thanks very much in advance! Follow Ups: Vancover Winter Olympics Is a great place to spend some of your future profits! 8:54 AM, 02/04/10 (0) Go to the Bank - Grab Your Cash GO! 5:21 PM, 02/03/10 (2) Re: Grab your cash go sweethome 8:43 PM, 02/03/10 (1) Each "instruction" is titled - Reply: 9:03 PM, 02/03/10 (0) Re: Questions for the auction process at San Diego court yard -- please help pretty funny 3:12 PM, 02/03/10 (0) Rick the Probate Guy will have best answer 4 this one.... Uhhhh, training? 3:07 PM, 02/03/10 (2) Re: Rick the Probate Guy will have best answer 4 this one.... sweethome 4:57 PM, 02/03/10 (1) Re: Rick the Probate Guy will have best answer 4 this one.... Geri 7:55 PM, 02/04/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : We are interesting in purchasing an investment property from the foreclosure auction. Did anyone have the experience at San Diego court yard? Please help us on clarifying the following questions: : 1 Does the winning bidder need provide all fund in cashier's check? Since we do not know the final bid before hand, how do you prepare the check? Will the auctioner provide cash change if the winning-bid amount is < the check $$? : 2 How can you check the linens against certian properties? in particular about federal and state income tax? : 3 If the current owner who ... : • has 2+ loans : • has no liquidation on the property (the amount owed is much more the auction amount) : • owed Fed tax linen : • got foreclosed on the 1st loan : • got the auction amount + 2nd loan higher than market value : will Fed tax linen be wiped out or IRS still want to buy back? : Thanks very much in advance! [ 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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