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Updated almost 5 years ago,
Buying at Auction in Portland
Hey all,
Grew up in Maine and just learned a house in my neighborhood is headed to auction in late May and I'm interested in bidding. I haven't bid at an auction before so have a few questions. Has anyone done this before? Any guidance / lessons learned would be awesome!
Questions:
- Am I allowed to call the current property owners to determine their remaining mortgage?
- How can I confirm any liens on the property?
- How many cashier's checks and in what denomination should I bring?
- What other information should I look into ahead of the auction?
Best,
Alex