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The Watercooler
The Final Segment in the house/mortgage saga....or is it??
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<blockquote data-quote="susiestar" data-source="post: 559080" data-attributes="member: 1233"><p>In my area there are a LOT of homes being auctioned for foreclosure or back taxes and they very rarely are actually sold. When we lost our home there were zero bidders so the bank was stuck with it. This apparently is 'the usual' for home auctions here, regardless of how low the asking price is. I know they were asking a very low price for our home, and the same happened to six other couples we know, and none of the homes were actually purchased at auction. </p><p></p><p>I would look at the auction, and also look at the back taxes auctions. make sure that any house you bid on is already unoccupied. It can take several months to evict occupants, even if the process has been started. I really hope you can find something or get this house for less than you offered - hopefully for the amt you offered minus whatever it would take to do ALL the repairs. that would be great karma for y'all, and what the idiot Supervisor deserves! It is so hard to sell a house now, wth is the supervisor thinking?</p></blockquote><p></p>
[QUOTE="susiestar, post: 559080, member: 1233"] In my area there are a LOT of homes being auctioned for foreclosure or back taxes and they very rarely are actually sold. When we lost our home there were zero bidders so the bank was stuck with it. This apparently is 'the usual' for home auctions here, regardless of how low the asking price is. I know they were asking a very low price for our home, and the same happened to six other couples we know, and none of the homes were actually purchased at auction. I would look at the auction, and also look at the back taxes auctions. make sure that any house you bid on is already unoccupied. It can take several months to evict occupants, even if the process has been started. I really hope you can find something or get this house for less than you offered - hopefully for the amt you offered minus whatever it would take to do ALL the repairs. that would be great karma for y'all, and what the idiot Supervisor deserves! It is so hard to sell a house now, wth is the supervisor thinking? [/QUOTE]
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The Watercooler
The Final Segment in the house/mortgage saga....or is it??
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