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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] No appraisals before a foreclosure Posted by SeanW on April 19, 2003 at 3:55 PM In Reply to: foreclosure without benefit of appraisal posted by Rick Spring on April 19, 2003 at 1:02 PM Probably just another way of saying the house will be sold "as-is for the winning bid". It's language to warn the bidders, more than you. If the trustee paid for an appraisal before the auction, it would not benefit anyone. It would just increase the trustee's overhead, and the bidding would definately not go above the appraisal. Remember, the purpose of the auction is to try and get the best price for the ex-owner and his creditors. Follow Ups: Re: LA foreclosure Jim V 11:04 PM, 04/19/03 (1) If that's how it works SeanW 7:50 AM, 04/20/03 (0) another question Rick Spring 4:55 PM, 04/19/03 (2) Or to put it another way.... SeanW 5:25 PM, 04/19/03 (0) Re: another question SeanW 5:16 PM, 04/19/03 (0) another question Rick Spring 4:55 PM, 04/19/03 (2) Or to put it another way.... SeanW 5:25 PM, 04/19/03 (0) Re: another question SeanW 5:16 PM, 04/19/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Probably just another way of saying the house will be sold "as-is for the winning bid". It's language to warn the bidders, more than you. : If the trustee paid for an appraisal before the auction, it would not benefit anyone. It would just increase the trustee's overhead, and the bidding would definately not go above the appraisal. Remember, the purpose of the auction is to try and get the best price for the ex-owner and his creditors. 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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