Alex Shaughnessy
Does everyone's "back up bid" get held?
Hey BP, I bid on my first property on an auction site and lost. After it closed, I got an email saying they were holding my last bid as a "back up bid." Can anyone shed light on what this means?Am I next in line?Does ...
Brad A.
Start of a new deal
My wife and I are new to the scene.Today a house was listed in our market (Kalamazoo, Michigan). It looked great, a 3 bedroom, 1.75 bath, Ranch listed below market. Ran the numbers for a Buy and Hold as well as flip a...
Don Crandell
My auction experience
In 2006 my home was bought by a guy deep into what I have come to call the gold rush, 2002-2007. This guy landed up paying $385K for the same P.U.D. that I later bought for $167K plus buyers premium. So on to my story...
Arseni Zaitsev
Sketchy Courthouse Foreclosure Sale.
Bit long story, but thought i'd share. I'm curious about oversight, ethics, procedure, etc. that govern courthouse property foreclosure auction by counties. I have bought a few previously and today this happened: Ther...
Chris Vasquez
My first Courthouse experience...?
I went to my first Courthouse Sheriff sale today. Interesting to say the least. Not much action. 3/4 of the properties either received a stay or were postponed to a later date. Maybe some of BP's pros could answer a f...
Tyler W.
Tax lien / deed investors in Philadelphia?
Hi all,
I happily own a house in West Philadelphia, an area going through amazing change for the last couple years.
As I start looking again for another house, I heard about tax lien certificates at a seminar recent...
Carlton Taylor
Auction Terminology
I'm in Northampton County, PA. I've been to a few Sheriff's Sales here and I am trying to get a handle on whats being said. Majority of the properties being auctioned are bank foreclosures. The banks reps will always ...
Madeline Burkholder
IRS Real Property Auction?
Hi everyone! I am a real estate agent in the twin cities area of MN. I got a call today from a revenue officer with the IRS asking if I’d be interested in being a guaranteed bidder for a foreclosed property that the I...
David T.
Foreclosure Fraud in Atlanta
Hey BP,
This is one reason why I went to Las Vegas instead of Atlanta in 2010. It is also just one reason why buying property at auctions can be very tough.
http://www.bizjournals.com/atlanta/morning...
Mike B.
Hiring a contractor? Get lots of bids!
The vets here are well aware of this and its often mentioned in the volumes of educational materials everywhere. It was no sprise to me, even though this is my first flip project, because i have hired out for doze...