Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Louisville Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago,

User Stats

24
Posts
6
Votes
James Beam
  • Investor
  • Louisville, KY
6
Votes |
24
Posts

Question about the Commissioner Sale

James Beam
  • Investor
  • Louisville, KY
Posted

HI Everyone!

I have attended a couple of sales in the past (2-3 years ago) to observe and found it very interesting.  I noticed that In January of this year, they changed some of the rules and I had some questions if anyone knows...  They now require a 10% payment immediately that can be paid by check (I believe) and must have a purchaser's bond for 90% + interest of the remaining bid.   They say you must come down at least a day and advance to show the proof of the surety bond.... Does anyone know what I am actually supposed to bring down there to get the purchaser's bond and able to bid on a property(s)?  

The language is unclear to me and I was hoping someone may have done it before...  I have both cash for the 90% as well as equity in properties as well...

Thanks

Loading replies...