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Updated almost 17 years ago on . Most recent reply

User Stats

74
Posts
3
Votes
Bruce M.
  • Canyon Lake, TX
3
Votes |
74
Posts

At the auction

Bruce M.
  • Canyon Lake, TX
Posted

So, there you are at trustee auction. Is it reasonable to expect that the starting bid will be low, given the housing market?

If you do bid, and win, are your really expected to just hand the person at the court house steps cashiers checks which are equivalent to cash? I mean, at the last trustee auction I went to, the "guy" was wearing faded jeans and t-shirt. He was not that personable and if I saw him I the street, I would avoid him. It seems like a hell of a leap of faith that is required. Isn't there a better alternative, such as contacting the trustee prior to the sale and working out something......is this done?

Thanks, :lol:

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