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Archive for the ‘Real Estate Auction’ Category

Question by Mateo: Why are banks buying their own foreclosures at real estate auctions?
I’ve been to a few New York Real Estate auctions at courthouses recently and often the banks are buying the properties back, They either have a specified bid they come in with or will outbid the public. I don’t understand. Don’t these banks want these properties off the books?

Best answer:

Answer by jlf
Banks have a minimum bid they will accept at a foreclosure auction. If that price isn’t met at auction, the banks can opt to keep the property and then resell it later.

What do you think? Answer below!

Kirkland’s Totem Lake Malls sheds largest retailer – ShopSmart Bazaar out after dispute with mall owners
During the past month, Totem Lake Malls has thrived on the weekends. Finding parking has been more difficult than just driving to the front of the parking lot. The sounds of shoppers walking through the lower mall has replaced silence.
Read more on Kirkland Reporter

Gargi Gupta / New Delhi February 26, 2011, 0:03 IST
Osian’s Neville Tuli is making a quiet comeback after his art fund ran aground. He talks to Gargi Gupta about the lessons he has learnt from the failure and his plans for the future.
Read more on Business Standard India

Sheraton foreclosure again possible
 
Read more on St. Louis Post-Dispatch

Question by Winter Star: Can a real estate agent show an auctioned home foreclosed a week ago?
We are tenants of a home that has been auctioned less than a week ago. The previous owner put the house for sale and the sale sign has not been removed after it has been auctioned off as a foreclosure. The agent is calling to inform there will be a showing. We are wondering if this is okay as the house was put up for sale by the landlord who went into foreclosure and the house now does not belong to him anymore. We don’t know who bought the house yet. Pl advice.

Best answer:

Answer by glenn
I am aware of several houses each month that are posted to be sold at foreclosure auctions- that the sale ends up being delayed and rescheduled. If you don’t know who owns the house it may still be the original owner.

There are a lot of people going to be trying to get into your home over the next few weeks. If you choose to keep living there- you may have that right- but these people may be coming up to your door at all hours just the same.

Add your own answer in the comments!

School Digest
DISTRICT 219
Read more on Skokie Review

Nena Colligan joins Keller Williams Realty
Nena Colligan
Read more on The Record

Myanmar to privatise many state-owned properties
Yangon, Feb 23 (IANS) Myanmar is gearing up for a major privatisation process. It has announced the auction of many state-owned properties, including land and buildings, across the country.
Read more on IANS India Private Limited via Yahoo! India News

Question by .: where can i find info about real estate auctions?

Best answer:

Answer by ttpawpaw
For the simpleist of answers just read your local newspaper. Any auction must be advertised a minimum of three times. You can teake note of auctioneers mentioned and call them to see when one would be coming up, you can also ask the bank when this might happen.pp

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Question by InkedBarbie: what savings to be found on a car at auction?
there is a auction of a car repair shop that went under tomorrow. I go to real estate auctions all the time for things like antiques and furniture. But, are there any real deals to be had at a auction like this for cars???

Best answer:

Answer by Jessica
i wouldent say go to that kind of auction to many bad cars you would have to spend money on top of what you already paid.
Try police auction great deals

GOOD LUCK!!!!

Give your answer to this question below!

Slammers for sale — but will county get any bidders?
Clifford Whitefoot, center left, and Danny Tenbusch, right, wrap containers of food Feb. 12, 2011 that will be transported to the main jail downtown from the kitchen of the new jail on Pacific Avenue.
Read more on Yakima Herald-Republic

Treasuries Rise as Protests in Libya Spur Demand for Safe Assets
Treasuries rose, with U.S. 10-year yields dropping to the lowest in more than two weeks, as violence in Libya bolstered demand for the relative safety of government debt.
Read more on BusinessWeek

Potential Bidders Appear to Want More Than a Slice of the Mets
Mets officials said the team’s owners and advisers still need several weeks to analyze offers from potential bidders for a part of the team.
Read more on New York Times

Question by msprah: can I really buy real estate at a tax sale auction for hundreds of dollars?

Best answer:

Answer by Bogart
If it’s that cheap, it’s probably full of toxic waste or asbestos.

Give your answer to this question below!

Dallas fashion designer Nicole Musselman is officially on the rise
Musselman is taking her 6-year-old label, Koch, to the next level, with more pieces and more places to buy them.
Read more on Dallas Morning News

In Sussex, Habitat’s flexibility pays off
Back when the real estate boom made affordable housing an oxymoron in Sussex County, Habitat for Humanity went into the development business.
Read more on The Daily Times

Iraq- CBI sells 201 million on Monday
Iraq- CBI sells 201 million on Monday
Read more on MENAFN

Question by michigangutcrush: Real Estate auctions?
If Im looking to buy a foreclosure at a Sherriffs auction and dont have the full amount in 30 days. Can I pre arrange with a lender to lend me the amount after I buy It( pay the 10% down). Like anything under 30,000 or whatever they pre approve me for. Is this possible?

Best answer:

Answer by Business Mom
you did not list what state you are in.

however, most trustee sales or real estate autions (whatever you want to call them) require proof of the full amount on the day that you bid. usually high bidder wins and you must supply your money at that time. it is usally cash and carry, but first contact your local sheriff and ask if they will aceept this type of arrangement. my guess is not….but you never no…the worst they can say is no.

good luck

Know better? Leave your own answer in the comments!