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Updated almost 11 years ago on . Most recent reply

Jose Sison's profile image
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Jose Sison
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Jose Sison
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  • from Annandale, Virginia
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Jose Sison
  • Investor
  • Annandale, VA
15
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Buying & Selling Real Estate

Property going to auction

Jose Sison
  • Investor
  • Annandale, VA
Posted

I have a property I was trying to get under contract from a seller who has an auction date set for later this month.

Is it normal for the bank to send an appraiser out to look at the property before the auction date?

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Wayne Brooks
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

An appraiser, no.  Do hey have some idea of the value and may set a market price reserve, yes.

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