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But as the foreclosure crisis rolls on — leaving in its wake. Most of the coverage about Hockett's plan has been on the business pages, where the. Domain to Save Homes The Turf War over Wall Street Concerns Mount over.
3. At auction, you could get caught in a bidding war. One of the challenges of homebuying is to keep your emotions in check. That can be hard even under normal circumstances. Now add the pressure of a cash-only, "as is" foreclosure auction. Inexperienced buyers can quickly get in over their heads.
Bidding wars over properties sometimes break out at courthouse foreclosure auctions, quickly leaving individual buyers out of the action. Courthouse auction.
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How to Win Foreclosure Auctions: 5 Tips For Victory By Angela Colley | Feb 10, 2015 If you’re looking to buy a foreclosure property, a foreclosure auction should be your first stop.
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Sometimes banks want to foreclosure and will set a bid price so high that no investors will buy the home at auction. Look at the value of the loans that were once secured to the property. Somewhere between the original mortgage balance(s) and the foreclosure sale price is the amount the bank will accept if the home is under-priced.
When bidding on a foreclosure, is the bank expecting the asking price or is it OK to bid lower? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.