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Updated almost 9 years ago on . Most recent reply

Vanessa Ryder's profile image
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Vanessa Ryder
  • Investor
  • from Los Angeles, CA
  • Member since Sep 7, 2015
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63
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Vanessa Ryder's profile image
Vanessa Ryder's profile image
Vanessa Ryder
  • Investor
  • from Los Angeles, CA
  • Member since Sep 7, 2015
Connect
Vanessa Ryder
  • Investor
  • Los Angeles, CA
10
Votes |
63
Posts
Foreclosures

Online Auctions?!

Vanessa Ryder
  • Investor
  • Los Angeles, CA
Posted
I am tracking a property that is scheduled for an online Auction this week (provided it isn't postponed!) The outstanding default amount is pretty close to the current (pre rehab) value. ARV is OK. Curious if the bank ever takes less than their "reserve" at auction (whether online or otherwise). (And is the default amount the "reserve" or is it another calculation?) Any input from those of you who do this / know about this would be much appreciated!! PS I am in California!
  • Vanessa Ryder
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