All Forum Posts by: Ricky Si

I'm just curious. What are the biggest challenges beginners and intermediate investors have faced buying a house at the auction whether on line, sheriff sale or FDIC etc?.

@Daniel A.

Thanks Daniel.

I saved all the notices and text message communications with them. Hopefully it will be solved without dealing with courts. Appreciate your feedback.

@Ujwal Velagapudi

Thank you for your input. Think abandon property law would apply in this situation

Hi,

So, I bought a property at the auction. However, previous occupants left a lot of stuff behind. I managed to make a contact with them but they do not seem to be too worried. I found a mover, gave them a quote to move stuff out but they wanted to be present.

It’s been going on for 4 months now. I don’t feel right discarding their items. They abandoned the property six months ago. Not sure what should I do. I have to get the roof fix, it’s-leaking.... anyway.... any suggestions???

@David Abbate

Are you entitled to your money back plus interest, or are they just simply returning your money?

Yeah David, they returned my deposit in full but they didn’t pay any interest...

@Chad Urbshott

Yup exactly

@Jay Hinrichs

Yeah Jay that’s exactly what happened. Attorney literally waited last minute, few minutes before the auction started. It was a bummer because I had spent countless hours and resources on this property. But oh well, move on to the next. Appreciate your feed back. Thanks

@Virs Esar

They are not going to save their house. They didn’t pay a darn penny in over a year. Lived rent free for over a year and had all year to file bk but no they waited day of sherif sale. I’m all for people trying to save their home but in this case they are just cheating the system. Know your facts buddy before bashing ...

I am really upset. I bought a property from sherif sale. I was going to make a hefty profit from this sale. Today I received a notice from sheriffs office advising that “enclosed please find a courtesy copy of “plaintiffs motion to vacate sheriffs sale”. One of the chapters read as follows “prior to the sheriffs sale and without providing notice to plaintiff, the borrower filed a petition for reorganization under chapter 13 of the U.S. bankruptcy code. The sherif sale was conducted in violation of Automatic stay and is therefore void. So basically, it seems like the borrower filed bankruptcy after I won the bid at the auction. Sheriffs office said they will refund my down payment which is a relief but I’m wondering if I should fight this? I’ve never done this before and not sure how to go about disputing this?

@Ted Rave

Are you pulling titles on these properties prior to bidding?