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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Buying at the auction Posted by Travis-CA on June 03, 2003 at 9:02 PM In Reply to: Buying at the auction posted by John, CA on June 03, 2003 at 5:36 PM : Ward, : 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? John, I suggest you attend a few sales and talk to people at the auctions, you can learn a ton of informatoin on what the rules are and actually see what happens at the auctions. Also hang around some after the sales and talk with the auctioneers, most of them have a wealth of information they will share with you. Travis Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Ward, : : 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? : : John, : I suggest you attend a few sales and talk to people at the auctions, you can learn a ton of informatoin on what the rules are and actually see what happens at the auctions. Also hang around some after the sales and talk with the auctioneers, most of them have a wealth of information they will share with you. : Travis 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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