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Updated almost 7 years ago on . Most recent reply

Tom R.'s profile image
Tom R.'s profile image
Tom R.
  • Investor
  • from Ridgecrest, CA
  • Member since Aug 12, 2017
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Tom R.'s profile image
Tom R.'s profile image
Tom R.
  • Investor
  • from Ridgecrest, CA
  • Member since Aug 12, 2017
Connect
Tom R.
  • Investor
  • Ridgecrest, CA
120
Votes |
244
Posts
Buying & Selling Real Estate

why would houses up for auction be under renovation?

Tom R.
  • Investor
  • Ridgecrest, CA
Posted

I drove by a few houses listed on auction.com and found that 2 of them are under renovation. The first had roofer on the roof while I drove by. The second had the garage door removed fresh drywall on the walls and ladders sitting in the garage. Why would someone be putting money into a house that is being auctioned off by the lender?

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