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I always do because I like to see where they are from. It's coco Beach Fl that zip. Some people on here only have their profile for view by friends only.
I always do because I like to see where they are from. It's coco Beach Fl that zip. Some people on here only have their profile for view by friends only.
Hey, isn't that where Jeannie and Major Nelson lived?
Is there any way to see when real estate auctions are held? I'd bet you could get a good deal that way... thanks.
Look in the legal announcements section of local newspapers and they have announcements of the dates, times, and particulars of homes being auctioned off by the lienholders. They are all auctioned individually. It is not like car auctions where there's a grand extravaganza of tons of cars auctioned at one time. Beware though because you have to have 10% of your bid in a bank check right then and there at the auction and then after you win you only have a short time to come up with the total price of the house. (It's not like you can win and then get a mortgage LOL.) Auctions attract the cash buyers who are flippers and investors.
Ahh, ok, that makes sense. I had not thought of that... thanks! 10%, definitely, but 100%, no way. Haha.
On LI a lot of times the upset price (starting bid) on foreclosed auction homes is really no big bargain because the banks start it at the amount of the mortgage owed.
These days if you look at the legal listings the mortgage owed can be high if the buyer who got foreclosed on bought the house during the bubble. In those cases the auction is just a formality because nobody bids and then the house turns to REO and the bank has to get real about the price they can ask for it.
Look in the legal announcements section of local newspapers and they have announcements of the dates, times, and particulars of homes being auctioned off by the lienholders. They are all auctioned individually. It is not like car auctions where there's a grand extravaganza of tons of cars auctioned at one time. Beware though because you have to have 10% of your bid in a bank check right then and there at the auction and then after you win you only have a short time to come up with the total price of the house. (It's not like you can win and then get a mortgage LOL.) Auctions attract the cash buyers who are flippers and investors.
Indeed, 10% bank check or cash and 30 days to close, although occasionally they extend it to 45 days! No inspection either - it's as is!
Used to be an interesting group of people attending the auctions. Before the bubble burst, you could even find the occasional previous owner trying to buy it back...
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