You are right, as an auctioneer in Maryland, we do about 200 sales a year - what a great way to sell properties - you need to make sure you have the right auction company and that they know what they are do and they advertise the property right -Don't depend all them to do the right kind of advertisingWe make up flyers - take them to businesses - but them in supermarket and on bulletin boardsGet mail list of absentee owners - send hundreds of post cardAuctions can be profitable both for the buyer and the sellerSellers like our type of auction sales since there are no commissions or settlement costs and the property is sold in "as is" condition.Auctions are great because you don't have to deal with contingencies and demanding buyers.Feel free to call me anytime for advice on auctions - Charles - AuctioneerOh!

You never have to go to settlement, you never need to borrow money – as long as you are controlling real estate -  this is the highest form of areal estate leverage in the universe, ( selling something you do not own) once you perfect this system you'll make nothing but money.  

If someone sues you for more than your LLC is worth, you forfeit your assets within the LLC but everything outside the LLC is allegedly safe.However, the average settlement is around $125,000.

The PA will take a cut of your settlement but usually its worth it.Hope that helps a little.

The advice above was correct, I typically prepare the loan package on behalf of the lender, review title and request a loan policy, and charge my attorneys fees on the settlement statement.

I'm not sure why this wouldn't settle, but that's got to be based on your individual facts in the case.Call your attorney, sit down and ask your lawyer what your settlement options are and what the dialogue looks like so far.

Once I received the purchase agreement/settlement statement, I noted the following:Pro-rata share of debt: $457K, Total Purchase Price of $1.08MM (the fund due from the investor is still indicated as $600K).Since the debt service is paid by the Trust, I am a little confused as to what this total means... 

It will help them get to a resolution more quickly and any settlement will also be more accurate.

As sellers, we did not receive the closing settlement (HUD 1) until after the closing was completed. 

I own it free and clear, having paid about $33K (including settlement fees) for it three years ago.