Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago,

User Stats

1
Posts
0
Votes
Precious Smith
0
Votes |
1
Posts

Buying a house from the sheriff sale

Precious Smith
Posted

Hello I’m new to this so please feel free to educate me if I sound uneducated. So I have a friend who “claims” to have bought a house from the sheriff sale for almost $4,000. I wanted to do the same but as I look up information on the sale it tells me I have to put up 10% of the price of the home then come back in a week to pay off the rest. So my question is if the home is worth $40,000 then 10% would be $4000 which means I still have to pay the $39,600? Right? Or how does that work? Please help me

Loading replies...