Re: TRUSTEE AUCTION

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Posted by Nigel Swayzy on December 26, 2002 at 12:52:58:

In Reply to: Re: TRUSTEE AUCTION posted by DL on December 26, 2002 at 12:30:50:

: Can't you just inspect the property days before the sale? And if you are working with cash or ready financing payment is not a problem.

: Doesn't the property have to go through the sale at some point before it is returned to the lender (REO)?

Oftentimes the owners of the property that their house wil be for sale at an auction, live in that house. The only way to inspect the property is by asking the current owner if he would sell it to you directly.

The property does not need to go through a regular sale. It can be simply foreclosed on if payments are not made. What state do u live in?

Follow Ups:

• Re: TRUSTEE AUCTION - Doug 13:16:04 12/26/02 (2)
  • Re: TRUSTEE AUCTION - James 05:07:27 01/04/03 (0)
  • Re: TRUSTEE AUCTION - Nigel Swayzy 14:07:24 12/26/02 (0)

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Comments:
: : Can't you just inspect the property days before the sale?  And if you are working with cash or ready financing payment is not a problem.

: : Doesn't the property have to go through the sale at some point before it is returned to the lender (REO)?

: 
: Oftentimes the owners of the property that their house wil be for sale at an auction, live in that house. The only way to inspect the property is by asking the current owner if he would sell it to you directly.

: The property does not need to go through a regular sale. It can be simply foreclosed on if payments are not made. What state do u live in?  


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