Fulton county Georgia courthouse step auction

[Jeff Scholen]

Looking for information on making a bid on courthouse steps. If you win the auction, are you expected to have payment ready at that time? Or do they expect some sort of earnest money deposit in the form of certified funds and then you have some time to bring the rest of the money? Trying to understand the process. Thanks.

[Ralph C.]

Originally posted by @Rolanda Eldridge:

@Jeff Scholen..Great question. I'm planning to pursue deals in my area. EM required, but cashiers check due the next day by 12pm..I'm not sure how to work it with a HML though. Of course due diligence, completed before hand...Any suggestions on strategy to get some great deals?

 Unless there is some new program with Hml, they do not lend out on courthouse/auction properties.

On these properties, you do not get an inspection/contingency period. 

There is no purchase sale agreement.

 you're buying it as is where is without having set foot inside the house., unless of course the property is vacant where you can accidentally open an unlocked door and get a look inside which is a big advantage prior to courthouse auction.