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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Go to the Bank - Posted by Grab Your Cash GO! on February 03, 2010 at 5:21 PM In Reply to: Questions for the auction process at San Diego court yard -- please help posted by sweethome on February 03, 2010 at 2:34 PM sweethome: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: Relpy:Congratulations! Start spending your profits now - Buy something really expensive and celebrate your future influx of money! sweethome: 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 $$? Relpy:Take a huge satchel of Ben Franklins ($100 bills)- I suggest $750,000 - $1,000,000 and simply give the auctioneer exact change - like getting on the bus; but different. sweethome: How can you check the linens against certian properties? in particular about federal and state income tax? Relpy: If the lien seems too low it a second only bid on the ones with high starting bids! sweethome: If the current owner who ... : • has 2+ loans : • has no liquidation on the property (the amount owed is much more the auction amount) : • owed Fed tax linen : • got foreclosed on the 1st loan : • got the auction amount + 2nd loan higher than market value : will Fed tax linen be wiped out or IRS still want to buy back? Relpy: If you follow my previous instructions then certainly the IRS will not be your concern - guaranteed! sweethome: Thanks very much in advance! Relpy: Your welcome - Please report back and ley us know how much money you raked in! Follow Ups: Re: Grab your cash go sweethome 8:43 PM, 02/03/10 (1) Each "instruction" is titled - Reply: 9:03 PM, 02/03/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : sweethome:We are interesting in purchasing an investment property from the foreclosure auction. Did anyone have the experience at San Diego court yard? Please help us on clarifying the following questions: : Relpy:Congratulations! Start spending your profits now - Buy something really expensive and celebrate your future influx of money! : sweethome: Does the winning bidder need provide all fund in cashier's check? Since we do not know the final bid before hand, how do you prepare the check? Will the auctioner provide cash change if the winning-bid amount is < the check $$? : Relpy:Take a huge satchel of Ben Franklins ($100 bills)- I suggest $750,000 - $1,000,000 and simply give the auctioneer exact change - like getting on the bus; but different. : sweethome: How can you check the linens against certian properties? in particular about federal and state income tax? : Relpy: If the lien seems too low it a second only bid on the ones with high starting bids! : sweethome: 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? : Relpy: If you follow my previous instructions then certainly the IRS will not be your concern - guaranteed! : sweethome: Thanks very much in advance! : Relpy: Your welcome - Please report back and ley us know how much money you raked in! [ 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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