Sold Out
Posted February 3, 2008
By admin
How do you know whether or not a house seized auctioned?
The house has been announced to go to auction on 17 July. We can not know whether or not it sold. We do not know the auction company he had. How do we know if it has sold and what's next?
Hello Teresa, who bids? When you talk about a foreclosure - do you mean the sheriffs sale (the courthouse)? or has been sold by the bank through an auction? Ok, if you talk about the auction at the courthouse steps - he certainly sold because that the bank has an automatic bid for the amount owed. Depending on your region of the country - the bank has generally the highest bid and gets the house Back after the redemption period is over. If it was an auction company Hudson and Marshall or as Williams and Williams - it was probably sold because these auctions are usually "absolute" meaning the highest bidder wins regardless of the amount, but sometimes the bank says "no" and then relist with a realtor. Much depends on the real value of houses. If you work with a realtor, they can seek and find it for you. Good luck
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