auction today

[djc]

I’m interested in the whole foreclosure/auction process.

Where can I learn more about the process? I know RealtyTrac will tell you the auction datea for $10/wk, however that’s a bit steep, at least for my casual interest at this point. Any other suggestions?

My concern is buying a house at auction with hidden costs. How does one know there isn’t a second mortgage or other lien on the house? The house above requires an EPA study, etc.

I’d like to learn more about this now in case I choose to go this route in a year.

school me 🙂

[HLS]

it’s so early and yet such a huge drop… is this what they call a “total collapse”?

Not at all..
It’s a single example of how the auction process works.

In many industries, auctions are held to liquidate inventory. A retail buyer OR wholesale buyer are dealing on the same level, i.e. they both have the opportunity to buy at the same price and terms.

There is a purpose for auctions. IF you agree and abide by terms of sale, it is a possible opportunity.

It’s not exactly true to say that is all the auction lot is worth. It is accurate to say that is all it was worth that day to the highest bidder that was present who was able to meet the terms of sale.

It is possible to buy things at auction and resell to another buyer quickly at a profit who didn’t attend the sale or who couldn’t meet the terms.

A duplicate lot on another day will not necessarily sell for the same price. An auction is not always a bargain. Many people overpay at them also.

There are always people who didn’t attend the auction, but will say “I would have paid more than that”

[HLS]

it’s so early and yet such a huge drop… is this what they call a “total collapse”?

Not at all..
It’s a single example of how the auction process works.

In many industries, auctions are held to liquidate inventory. A retail buyer OR wholesale buyer are dealing on the same level, i.e. they both have the opportunity to buy at the same price and terms.

There is a purpose for auctions. IF you agree and abide by terms of sale, it is a possible opportunity.

It’s not exactly true to say that is all the auction lot is worth. It is accurate to say that is all it was worth that day to the highest bidder that was present who was able to meet the terms of sale.

It is possible to buy things at auction and resell to another buyer quickly at a profit who didn’t attend the sale or who couldn’t meet the terms.

A duplicate lot on another day will not necessarily sell for the same price. An auction is not always a bargain. Many people overpay at them also.

There are always people who didn’t attend the auction, but will say “I would have paid more than that”

[HLS]

it’s so early and yet such a huge drop… is this what they call a “total collapse”?

Not at all..
It’s a single example of how the auction process works.

In many industries, auctions are held to liquidate inventory. A retail buyer OR wholesale buyer are dealing on the same level, i.e. they both have the opportunity to buy at the same price and terms.

There is a purpose for auctions. IF you agree and abide by terms of sale, it is a possible opportunity.

It’s not exactly true to say that is all the auction lot is worth. It is accurate to say that is all it was worth that day to the highest bidder that was present who was able to meet the terms of sale.

It is possible to buy things at auction and resell to another buyer quickly at a profit who didn’t attend the sale or who couldn’t meet the terms.

A duplicate lot on another day will not necessarily sell for the same price. An auction is not always a bargain. Many people overpay at them also.

There are always people who didn’t attend the auction, but will say “I would have paid more than that”

[HLS]

it’s so early and yet such a huge drop… is this what they call a “total collapse”?

Not at all..
It’s a single example of how the auction process works.

In many industries, auctions are held to liquidate inventory. A retail buyer OR wholesale buyer are dealing on the same level, i.e. they both have the opportunity to buy at the same price and terms.

There is a purpose for auctions. IF you agree and abide by terms of sale, it is a possible opportunity.

It’s not exactly true to say that is all the auction lot is worth. It is accurate to say that is all it was worth that day to the highest bidder that was present who was able to meet the terms of sale.

It is possible to buy things at auction and resell to another buyer quickly at a profit who didn’t attend the sale or who couldn’t meet the terms.

A duplicate lot on another day will not necessarily sell for the same price. An auction is not always a bargain. Many people overpay at them also.

There are always people who didn’t attend the auction, but will say “I would have paid more than that”

[HLS]

it’s so early and yet such a huge drop… is this what they call a “total collapse”?

Not at all..
It’s a single example of how the auction process works.

In many industries, auctions are held to liquidate inventory. A retail buyer OR wholesale buyer are dealing on the same level, i.e. they both have the opportunity to buy at the same price and terms.

There is a purpose for auctions. IF you agree and abide by terms of sale, it is a possible opportunity.

It’s not exactly true to say that is all the auction lot is worth. It is accurate to say that is all it was worth that day to the highest bidder that was present who was able to meet the terms of sale.

It is possible to buy things at auction and resell to another buyer quickly at a profit who didn’t attend the sale or who couldn’t meet the terms.

A duplicate lot on another day will not necessarily sell for the same price. An auction is not always a bargain. Many people overpay at them also.

There are always people who didn’t attend the auction, but will say “I would have paid more than that”

[temeculaguy]

It’s not a bad deal, of course I haven’t seen the inside but that street has been one of the low price pioneers in redhawk, there are others in the 300’s and nothing past the 400’s, not sure why, it’s a nice area. Still, 298k is a good deal, but HLS you are right, it’s early and I’m still on my first drink. I’ve waited this long, might as well wait for the place to fill up before making a decision. In the immortal words of sir mix a lot, “36-24-36, Ha Ha, only if she’s 5’3”, if I wait till 10:30, those curves better be kicking.

All right, I ordered another drink but I’m still going to watch the parade while I sit.

[temeculaguy]

It’s not a bad deal, of course I haven’t seen the inside but that street has been one of the low price pioneers in redhawk, there are others in the 300’s and nothing past the 400’s, not sure why, it’s a nice area. Still, 298k is a good deal, but HLS you are right, it’s early and I’m still on my first drink. I’ve waited this long, might as well wait for the place to fill up before making a decision. In the immortal words of sir mix a lot, “36-24-36, Ha Ha, only if she’s 5’3”, if I wait till 10:30, those curves better be kicking.

All right, I ordered another drink but I’m still going to watch the parade while I sit.

[temeculaguy]

It’s not a bad deal, of course I haven’t seen the inside but that street has been one of the low price pioneers in redhawk, there are others in the 300’s and nothing past the 400’s, not sure why, it’s a nice area. Still, 298k is a good deal, but HLS you are right, it’s early and I’m still on my first drink. I’ve waited this long, might as well wait for the place to fill up before making a decision. In the immortal words of sir mix a lot, “36-24-36, Ha Ha, only if she’s 5’3”, if I wait till 10:30, those curves better be kicking.

All right, I ordered another drink but I’m still going to watch the parade while I sit.

[temeculaguy]

It’s not a bad deal, of course I haven’t seen the inside but that street has been one of the low price pioneers in redhawk, there are others in the 300’s and nothing past the 400’s, not sure why, it’s a nice area. Still, 298k is a good deal, but HLS you are right, it’s early and I’m still on my first drink. I’ve waited this long, might as well wait for the place to fill up before making a decision. In the immortal words of sir mix a lot, “36-24-36, Ha Ha, only if she’s 5’3”, if I wait till 10:30, those curves better be kicking.

All right, I ordered another drink but I’m still going to watch the parade while I sit.

[temeculaguy]

It’s not a bad deal, of course I haven’t seen the inside but that street has been one of the low price pioneers in redhawk, there are others in the 300’s and nothing past the 400’s, not sure why, it’s a nice area. Still, 298k is a good deal, but HLS you are right, it’s early and I’m still on my first drink. I’ve waited this long, might as well wait for the place to fill up before making a decision. In the immortal words of sir mix a lot, “36-24-36, Ha Ha, only if she’s 5’3”, if I wait till 10:30, those curves better be kicking.

All right, I ordered another drink but I’m still going to watch the parade while I sit.

[Anonymous]

HLS, I believe drunkle was referring to the opening bid on the property, not the final sales price. That would be an indication of where the market is now and what we can expect in the future.

Drunkle correct me if I’m wrong.

[Anonymous]

HLS, I believe drunkle was referring to the opening bid on the property, not the final sales price. That would be an indication of where the market is now and what we can expect in the future.

Drunkle correct me if I’m wrong.

[Anonymous]

HLS, I believe drunkle was referring to the opening bid on the property, not the final sales price. That would be an indication of where the market is now and what we can expect in the future.

Drunkle correct me if I’m wrong.

[Anonymous]

HLS, I believe drunkle was referring to the opening bid on the property, not the final sales price. That would be an indication of where the market is now and what we can expect in the future.

Drunkle correct me if I’m wrong.

[Author]

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