General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated 11 months ago on . Most recent reply
![Albert Massop's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2885176/1705423381-avatar-albertm125.jpg?twic=v1/output=image/crop=815x815@0x0/cover=128x128&v=2)
Condo going up for auction
There is a condo that is under my primary residence, (up down condo, townhouse set up), that I wanted to buy for a while. The price was too high, initially wanted to combine the units to make a duplex. Was notified recently that the condo is going up for auction in 2 weeks, I want it! I have a few questions, are liens satisfied with the winning bid? Upon winning the bid 10% needs to be paid in cash or bank check, when would the balance be due? ( Can't find any info online for the NYC market) Is there a process to try and get the property in a short sale before it goes on auction, If so who needs to be contacted? I know it's a lot but this opportunity came up quickly and I have limited time to move on it.
Thanks in advance