All auctions are subject to court or seller approval. Over 90% of all sales are approved, most within 7 business days. Buyers are not allowed possession until filing of the deed, at which time the property should be re-keyed. “Showing” requests from Buyers after the auction may not be able to be accommodated.
There will be plenty more like this.. There is currently a 2900 sq ft home in Menifee for $310K built in 2005
Lender foreclosed at $465K…
None of this should be surprising. These homes are not cheap, they are only cheaper than they were in 2005-06.
New comps will be established, scaring lenders from loaning on the next one at higher levels…
