Who is familiar with buying a house from an auction ?

[Steven Robillard]

Looking from cheap home since market price has increased. I’m currently searching houses in RI from auction websites? Any referral to other sites?

[Richard Gray]

@Steven Robillard,

I have limited experience with auctions, I like them. I used Auction.com.

They have a good inventory in my area. I have bid one one sfh, got it at a good price.

I was to learn later that they transfer title/deed by way of a Quick Claim deed. With no

Title search. I learned this doesn’t work well in my area. I tried to have them send it to my title

Company, with me paying full price and all closing cost. They were not move away from the quick

Claim deed. My local lawyer advised me to not purchase this deal because it could make me

Responsible for any Leins or judgements against the property plus I may never get a good deed.

I walked on the deal. The company now places a warning on there web site concerning liabilities and risk involved.