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Questions on Buying a Property at Auction
Hi BP,
I'm interested in purchasing a foreclosed house that is going to auction on May 21st. This will be my first time doing this, so I have a few questions for the BP community outlined below. Any help you can provide would be awesome!
- 1. Am I allowed to call the current property owners to determine their remaining mortgage?
- 2. How can I confirm any liens on the property?
- 3. How many cashier's checks and in what denomination should I bring?
- 4. What other information should I look into ahead of the auction?
Best,
Alex