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Updated over 3 years ago,

User Stats

44
Posts
27
Votes
Alan Ouellette
27
Votes |
44
Posts

Going to the Auction

Alan Ouellette
Posted

Hi All,

I am going to a real estate auction to purchase my 1st rental.  I am researching the property to get as much information as possible in prep.  Here's what I have so far.  

City Property/Tax Records (Same owner for 30+ years, Assessment value $131k, last refinanced in 2005)

County Lein Records (Tax lien was released to allow mortgage company to auction, owes $19,400 in back property taxes)

Report from Auctioneer

Notice of Sheriff's Auction from County

Researched comps in the area to know possible market value ($185k-$215k)

Looked at images from Google maps street view

It's vacant and I've driven by it a few times

I know we'll be able to go in an look around at the auction but other than that, is there any other information I might want to look up before auction day?


Many Thanks!

~Alan

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