Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago,
What are my options??
Yesterday we went to the auction with a property in mind for purchase, it's actually my neighbors house, and didn't get it. We had title search done and it came back clean so we went with MAO in mind but upon presentation the rep of properties came out with 3 liens on prop, 2 of which added up to less than 7gs but one had an undisclosed amount so didn't feel comfortable going to high. Anyway we bid against the rep for little bit and in the end he got it. From what I understand that means bank got it back. I had been in touch with lawyer for bank pre-auction in effort to try to purchase but he couldn't do anything then...maybe he can now? Just wondering if anyone has in depth knowledge of post auction proceedings. Any help greatly appreciated!