A foreclosure auction is the usual next step for a bank lender after they foreclose on a house. But do you actually need to be present at the auction? Can you buy a foreclosed home without attending a foreclosure auction? Trustee Foreclosure Auctions Most foreclosed homes are sold through live “trustee” auctions. These are typically … Read more
[et_pb_section admin_label=”section”] [et_pb_row admin_label=”row”] [et_pb_column type=”4_4″][et_pb_text admin_label=”Text”] It is easy to find government foreclosures in depressed real estate markets. But they can also be found in strong markets as well. Below we discuss some secrets to finding government foreclosures. How Homes End Up as Government Foreclosures Many pre-foreclosure homes were offered as short sales but … Read more
Buyers at a foreclosure at auction can get a great deal on a property but will also face some challenges. In this article we discuss the basics of how to buy a house foreclosure at auction. How a House Foreclosure Auction Works (the basics) STEP 1: The lender (bank, etc.) will appoint one or more people, called trustees, … Read more
So you are looking to purchase a property at a foreclosure auction but are not sure whether to go to a courthouse auction or take part in an online auction. We discuss the differences between courthouse foreclosure auctions vs. online foreclosure auctions in this article. Online Foreclosure Auctions Most online auctions do the same thing … Read more
In this article we discuss what the best foreclosure auction bidding strategy is, depending on the situation. Essential Rules of a Solid Foreclosure Auction Bidding Strategy The best way to know how to bid effectively when you’re buying a house to flip at a foreclosure auction is to study what not to do. #1 Do … Read more
This article discusses who can bid at a foreclosure auction and why. Attending and bidding at a foreclosure auction, whether online or in person, can be an interesting and challenging experience. Who Can Attend a Foreclosure Auction? Live foreclosure auctions are free and open to the public to attend. Online auctions, however, must first require … Read more
This article discusses some of the risks of a foreclosure auction and steps you can take to avoid them. Buying real estate at foreclosure auctions can be a lucrative endeavor. However, there are many risks involved that can negatively affect the profitability of these investments. It is up to the investor to become educated about … Read more
A house foreclosure auction can offer investors greater savings than many other avenues of buying real estate. In this article, we describe where to find foreclosure auctions and some key info to get started. When a bank forecloses on a home, it is losing money without the owner’s payments. Thus, it is typically very eager … Read more
Buying a foreclosed property can be very attractive to would-be buyers due to the price, but purchasing foreclosed homes can be complicated and there are costly mistakes that can be made. To avoid the risks associated with flipping a foreclosed house, you need to do some serious background research on the property and the neighborhood. … Read more
When planning to buy a house at a foreclosure auction, it’s essential to know of there are any liens on the property. So how do you investigate foreclosure liens? Liens to Look for When Buying a Foreclosure Auction Property There are multiple types of liens that can be placed against a property which. You should … Read more
This article discusses the differences between foreclosure auction properties and REO properties, including the pros and cons of each. These are important considerations when deciding what type of property to buy. How a Real Estate Owned (REO) Property is Created Two things can happen to a home that cause it to become an REO property: … Read more
Is it possible for a contractors lien to cause a house to go to foreclosure auction? This question is answered in detail here. Can a Contractor’s Lien Cause a Foreclosure? The answer is no. A contractors lien cannot by itself cause a house to go into foreclosure. A contractor can put a lien on a … Read more
Buying foreclosures usually means bidding at a foreclosure auction or making offers to a banks for properties. This can be a time consuming and frustrating process. However, what if an investor could go straight to a property owner and acquire their right of redemption? We discuss how in this article. What Is the Right of … Read more
Is there a certain time of the year when most foreclosure auctions take place? When is the best foreclosure auction time of the year? This article discusses some of the major timing factors. To answer this question we need to dive in and understand the timeline for the foreclosure process and the market forces driving … Read more
This article discusses how to pay after winning a house foreclosure auction, including methods, timing and procedures for payment. Let’s assume you’ve bid on a property at a foreclosure auction and ended up winning the bid. Now, how do you actually make payment? What methods of payment are acceptable? When is payment due? Read on… … Read more
This article discusses the different types of properties you can buy at a foreclosure auction and the pros and cons of each. Single Family Homes The most popular type of property to be auctioned at a foreclosure auction is the single family home. These are sold at auction in nearly every locale, both in person … Read more
So you’re ready to go to a foreclosure auction and have prepared well for it. You have even looked at some of the properties and have your eyes on one in particular. However, the property you’re interested in did not go up for bidding at the auction, even though it as on the schedule. What … Read more
So you are about to complete the purchase a property at a foreclosure auction and have been given a quitclaim deed for the title. But is it a clear title? What is a Quitclaim Deed? A Quitclaim Deed is a commonly used instrument for transferring titles. This deed is sometimes mistakenly called a “quick claim” … Read more
So you have the winning bid at a foreclosure auction. Congratulations! Now what? Here we will discuss what happens for the buyer immediately after the foreclosure auction ends. Paying for the Property After a Foreclosure Auction Completing the sale at the foreclosure auction is very straightforward. The high bidder of the auction will have to … Read more
This article discusses what happens if a foreclosure auction is postponed or delayed. We discuss the types and reasons for postponement, who triggers them, and the effects. Postponement of a foreclosure auction may occur months, weeks, or even days leading up to the auction date; often without notice to buyers. At courthouse auctions the auctioneer … Read more