i recently bought a property thru auction.com. no bad experiences at all. well, i can;t say that totally, there were a couple of hidden fees but nothing that put us into the red area. it is an absolute must to gain access to the house. in many of these houses, you can have your realtor get you inside, as log as they are unoccupied and they have a lock box on the door. spend as much time on looking the place over as you can. i am a professional home inspector and know what i am looking at, so doing a detailed look over is easy for me. i do not know about other home inspectors, but i will look over a property with a perspective buyer for a small fee, usually $100. its not a complete inspection with book and everything as a total inspection would be, but if i see an area of trouble, i will alert my client. maybe you can find an inspector in your area to do the same. as far as the bid increments on auction.com, yeah it kind of sucks, but they place the bigger increments on the houses that they expect a lot of action from. they always post the bid increments on the page with the auction right under the starting price, so pay attention to that. the higher the increment, the more likely the amount of buyers will drive up the price. the lower the increments, the more likely that house has been on their website a while and they are looking to get rid of it, which translates into a good deal for you. over all, auction.com is a good place to buy.

It varies by day; typically 0.3% to 0.8% in discount points translates into 0.125% to rate.On request, I can and do share our LLPAs with borrowers, so they can see that we're simply passing on FNMA's LLPAs at-cost and not turning it into a profit center (there are a few end-lenders that do in fact turn this into a profit center; I simply don't offer them to REI borrowers... maybe my little one man boycott will do something, but I doubt it).It should also be clear from reading that why lenders want you to put 25% down even when it is not technically required in many cases -- our reputations will quickly be trashed if we run around offering 15% down non-owner-occupant to every random Joe that calls us, because Joe's friends and colleagues are just going to say "what's your rate and who gave it to you?"