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Updated over 6 years ago on . Most recent reply

User Stats

4
Posts
1
Votes
Clark Spruill
  • Somerville, AL
1
Votes |
4
Posts

Buying a foreclosure quadplex

Clark Spruill
  • Somerville, AL
Posted
Hi everyone, I'm fairly new to this and I have a question (and probably many follow ups.) I've found this quadplex that has a notice of sale posted for it and it's going to auction next month...but it looks like the owners are trying to sell before that happens. From a quick glance it looks like they're trying to sell it about 30k over what quadplexes are going for in my area and I don't fully understand what's going on here. My main question is, can a property be bought before auction if there is a notice of sale posted? If yes, wouldn't this almost be considered an extremely motivated seller, so why try to sell so high? Thanks for y'alls responses.

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