![]() |
Foreclosure Forum |
|
Buying at the auctionWard, What are the rules when buying at the auction? 1. Do they take personal checks or must it certifed/cashier checks only. 2. How much do you need to pay, it is a deposit first or whole lump sum? 3. What about balance if any, how long do you have to pay it off? 2-3 days or 20-30 days or? 4. If I fail to bid at auction, then what's your suggestion on how much more should I offer the foreclosure winner? 70-80% LTV or much more you think?
Follow Ups:
Post a Followup:
|
Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction.
Copyright © 1997-2003, InnoVest Resource Management
http://www.foreclosureforum.com
InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455