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Updated about 8 years ago on . Most recent reply

User Stats

35
Posts
1
Votes
Adam N.
  • Investor
  • Ohio
1
Votes |
35
Posts

Foreclosure Auction Blues

Adam N.
  • Investor
  • Ohio
Posted
Hello. I am new to BiggerPockets, but have listened to a few podcasts and have been reading the forum in the background for quite some time. I have come across two situations which I don't understand and I'm hoping that somebody can enlighten me. Both situations have taken place in the same foreclosure auction, but on different dates. The first is a property that sold at a tax auction for $20k, but has been relisted on a sheriff's auction for $105k! How can this occur? The second is another agh listed on a sheriff's auction, but has sold a month before the auction is to start! What is going on? I know I am new, but this has got me stumped! Any assistance would be greatly appreciated. Thank you in advance.

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