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Updated over 1 year ago on . Most recent reply

User Stats

47
Posts
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Votes
Doug Wade
  • Rental Property Investor
  • Cumberland, MD
15
Votes |
47
Posts

Courthouse Auction house contents

Doug Wade
  • Rental Property Investor
  • Cumberland, MD
Posted

Looking to bid on a REI bank foreclosure at the county courthouse. I have bought 2 previously and understand that contents are mine to keep or dispose.

My question is that this particular home has a fairly new automobile in the garage. Talking to neighbors, finding out auto was financed, then owner passed away during Covid times 2/3 years ago. I’m pretty sure high bid would not get the auto and would be impossible to retitle anyway. If I would win auction, what do I do with auto? Has finance company already wrote off vehicle?

  • Doug Wade
  • Most Popular Reply

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    Chris Seveney
    • Investor
    • Virginia
    15,350
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    Chris Seveney
    • Investor
    • Virginia
    ModeratorReplied

    @Doug Wade

    Even if they wrote it off how would you get clear title

    I would move it on the street or a place where it would get towed.

    Lastly car companies rarely write off cars because it’s so easy for them to repossess them.

    • Chris Seveney
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    7e investments
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